China's listed companies stingy with interim dividends

The stock dividend policy at most Chinese companies shows little correlation to fundamentals.

Just 1.96%, or 14, of the listed companies in China that announced interim results last week have announced dividends. At the same time last year, 3.4% companies had announced a dividends, and a full 60% had by the end of the year. Stock is the favourite form of dividends in China, since it is not taxed like cash dividends.

But one trader said that the real importance of dividends lay in the fact that they were one of...

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