Date
18 October 2017

CSRC to tighten supervision over dividend payouts, report says

The China Securities Regulatory Commission (CSRC) voiced dissatisfaction with the distribution of dividends among listed companies, and warned it will tighten supervision of firms that have not handed out dividends for a long time, news website China.com.cn reported Thursday, citing a statement on the regulator’s official microblog. The CSRC said dividends payout is a fundamental system of capital markets and done at the discretion of a listed company. However, it noted that only a small number of listed companies are distributing dividends to their shareholders, and the regularity and stability of the payouts leave much to be desired. The regulator will continue to protect the rights of retail investors while encouraging self-governance among listed companies, the report said.

– Contact HKEJ at [email protected]

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