Reported 4 months ago
Chinese listed companies in China are rushing to increase dividends and repurchase shares in response to regulatory calls, with a focus on improving investor returns and governance similar to reform efforts in Japan and South Korea. Despite doubts from investors about broader governance changes, these efforts have led to a market rally, with firms in China announcing record cash dividends totaling $300 billion for 2023 and a rise in share buyback schemes to avoid penalties. However, skepticism remains among fund managers, who see the reforms as more about market rescue than genuine corporate governance improvement, especially for government-controlled companies.
Source: YAHOO