Li Ming, Vice Chairman of the SEC: Last year, the total amount of dividends distributed by A-share companies and the amount spent on share buybacks both reached historic highs.

Jin10 Data reported on May 19 that Li Ming, Vice Chairman of the China Securities Regulatory Commission, stated at the 2025 Global Investor Conference held by the Shenzhen Stock Exchange that he will continue to guide listed companies to actively enhance investment value through cash dividends, share buybacks, and mergers and acquisitions. In 2024, A-share listed companies implemented total dividends of 2.4 trillion yuan and repurchased shares worth 147.6 billion yuan, both reaching historical highs. More and more companies are distributing dividends multiple times a year, with the dividend yield of the CSI 300 Index approaching 3.6%, further enhancing the stability and predictability of returns to investors. Currently, the valuation level of A-shares is still at a relatively low level, with a CSI 300 price-to-earnings ratio of 12.6, significantly lower than that of major indices in foreign markets, highlighting the further allocation value.