The cash dividends of companies listed on China's major stock exchanges reached historical high in the year of 2024, the China Association for Public Companies said on Friday.
The total cash dividends of companies listed on Shanghai Stock Exchange (SSE) and Shenzhen Stock Exchange (SZSE) reached 2.4 trillion yuan (about 334 billion U.S. dollars) for the year of 2024, a nine percent increase compared with the previous year.
Among them, nine companies paid cash dividends exceeding 50 billion yuan in 2024, 33 companies paid dividends of more than 10 billion yuan, and 61 others paid more than 5 billion yuan of cash dividends.
There are also more listed companies paying continuous dividends.
Among the 4,445 companies listed on SSE or SZSE for three or more years, 2,447 have paid cash dividends for three consecutive years, a year-on-year increase of 12 percent.
Among the 3,569 listed companies on SSE or SZSE for five or more years, 1,681 have paid cash dividends for five consecutive years, an increase of six percent year on year.
"The continuously growing dividends of listed companies in recent years reflect their ever growing internal driving power for dividends. Through active dividend distribution, the listed companies have created predictable cash flow returns for investors, pushing the high-quality development of the capital market through its positive interactions with investors," said Tian Lihui, a professor of finance at the Tianjin-based Nankai University.
Listed companies in Shanghai, Shenzhen register record cash dividends
China is willing to strengthen communication, enhance trust, eliminate interference, and deepen cooperation with Canada to bring bilateral relations forward on a steady and sound track in solid strides under the new circumstances, said Chinese Foreign Minister Wang Yi on Thursday.
Wang, also a member of the Political Bureau of the Communist Party of China Central Committee, met with Canadian Foreign Minister Anita Anand in Beijing on the day.
Referring to Canadian Prime Minister Mark Carney's visit to China, the first by a Canadian prime minister in eight years, Wang said the trip marks a milestone in bilateral ties and signals a turning point in the relationship.
The leaders of the two countries will hold meetings and talks, which are expected to open up new prospects for bilateral relations, said Wang.
The world today is undergoing profound and complex changes, and the impact of China-Canada relations transcends the bilateral scope, Wang noted.
Wang said that China and Canada have different social systems, stemming from different historical and cultural heritage, and based on the choices of their respective people.
He urged both sides to view each other in a rational and amicable manner with an inclusive mindset, handle issues on the basis of mutual respect, focus on the agenda of cooperation, and send positive messages so as to foster optimism, inject greater confidence into the development of bilateral relations, and jointly build a new type of strategic partnership between China and Canada.
Anand said the new Canadian government attaches great importance to relations with China. She also added that Prime Minister Carney looks forward to engaging in in-depth exchanges with Chinese leaders during the visit to set the course for the development of bilateral relations, resume dialogue in various fields, pursue more mutually beneficial outcomes, enhance coordination and cooperation in multilateral affairs, and further advance the strategic partnership between the two countries.
China ready to work for steady, sound ties with Canada: FM
