Chinese banks surge as CSRC guideline urging more shareholder returns lifts confidence

Quick Summary:

Chinese banks soar after regulator pushes for increased shareholder returns, aiming to enhance stock prices and corporate governance.

Companies are also required to devote a special section in their annual reports to explain how those plans will be implemented.

These companies need to evaluate their plans every year and modify them as necessary, the regulator said.

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Article Details

Author / Journalist: Zhang Shidong

Category: Business

Markets: Hong KongChina

Topics: China Cent Companies Bank Shanghai Regulator Plans Listed Securities Banks Stock

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-18 @ 17:30:08 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 259 words

Reading Time: 2 minutes read

Sentences: 9 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 23654863

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Official Website: scmp.com

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