Posted 12/27/2023, 1:30:17 AM
Chinese Firms Boost Dividends and Buybacks to Aid Beleaguered Investors
- Chinese companies paying record dividends and buying back shares to support valuations amid market slump
- Actions aim to provide income and respite for investors after rocky year for Chinese stocks
- Companies committed to boosting shareholder returns in structural shift
- Fund manager expects total returns for her China income fund near high single digits next year
- Rangebound, volatile markets likely persist in China through first half 2024