Workflow
A股现金分红创新高!中上协:五方面入手推动上市公司质量迈向新台阶
Zhong Guo Zheng Quan Bao·2025-11-20 12:41

Core Insights - The president of the China Listed Companies Association emphasizes the need for multi-faceted efforts to enhance the quality of listed companies, focusing on governance, core business, resource allocation, shareholder returns, and risk management [1][4]. Governance and Compliance - Strengthening governance foundations and enhancing compliance effectiveness are crucial, with a shift from "formal compliance" to "substantive effectiveness" in corporate governance [4]. - The revised Corporate Governance Guidelines aim to create a governance structure that is comprehensive, efficient, and well-balanced [4]. Business Focus and Innovation - Companies should concentrate on upgrading their core businesses and identifying technological breakthroughs and new growth points, avoiding blind expansion [5]. - Innovation should drive business upgrades, with increased R&D investment to overcome key technological challenges [5]. Resource Allocation and M&A - Mergers and acquisitions (M&A) should align with overall corporate strategies and enhance core competitiveness, avoiding unnecessary acquisitions [6]. - Companies are encouraged to ensure accurate and complete information disclosure during M&A processes to comply with market regulations [6]. Shareholder Returns - There is a growing awareness of the importance of shareholder returns, with 741 companies establishing value management systems and implementing 259 dividend plans totaling approximately 135.29 billion yuan [3]. - The total cash dividends for A-share listed companies in 2024 are projected to reach 2.4 trillion yuan, marking a 9% increase from 2023 [3]. Risk Management - Companies are advised to establish a comprehensive risk prevention system, fostering a culture of risk awareness and enhancing internal controls [6].