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| Tags: china, dividend, raises, refinancing, securities, threshold, watchdog |
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08-22-2008, 10:10 PM
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China securities watchdog raises refinancing threshold, dividend
China's securities watchdog on Friday announced to raise the refinancing threshold for listed companies. The move was to foster the long term investment environment and facilitate the sustainable and healthy development of the capital market. "For those listed companies scheduled to refinance on the market, the dividend they pay to shareholders in the recent three years should be no less than 30 percent of its distributed profits," said the China Securities Regulatory Commission (CSRC) i ...
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