21世纪经济报道记者邓浩 12月5日，证监会主席吴清在中国证券业协会第八次会员大会提到，目前我国居民资产中股票基金等资 产占比约15%，相当于美国30年前水平，在利率中枢下移的当下，居民财富管理服务需求巨大。 比如，威孚高科上市以来累计分红123亿元，是募资总额的3.2倍，实现企业发展与股东收益共生共荣； 立霸股份自上市以来总分红达14.8亿元，实际募资仅2.2亿元，募资分红比超6倍，且"十四五"期间分红 金额逐年增长；奥特维上市5年分红规模已达募资总额的1.8倍，实现"高速成长"与"高额回报"同步推 进。 在股份回购方面，无锡企业同样积极响应。"十四五"期间，67家A股企业实施回购，药明康德以50亿元 回购金额领跑，威孚高科、朗新集团、协鑫能科三家企业回购超5亿元。 今年11月5日，朗新集团发布公告，已完成201.15万股回购股份的注销手续，涉及回购总金额约5100万 元。"十四五"期间，朗新集团共回购总额达5亿元，从回购用途看，一方面用于员工持股计划和股权激 励，另一方面，回购的股份将全部用于注销，减少公司注册资本。 某种程度而言，上市公司是现代财富管理服务的重要标的，也是打造金融强国的微观基础和重要支柱 ...

Group 1: Cash Dividends and Shareholder Returns - Mindray Medical announced its third interim dividend plan for 2025, bringing its total cash dividends for the year to 4.935 billion yuan, with a payout ratio exceeding 60% [1] - Kweichow Moutai also announced a favorable dividend plan totaling over 30 billion yuan for 2025 and a buyback plan of 1.5 to 3 billion yuan [1] - A total of over 760 billion yuan in interim dividends has been announced or implemented by A-share listed companies for 2025, with over 630 billion yuan from Shanghai Stock Exchange companies [2] Group 2: Dividend Policies and Company Performance - More than 920 listed companies have announced their shareholder return plans for the next three years since 2025, indicating a trend towards long-term dividend strategies [3] - The average net profit of A-share listed companies increased by 5.5% year-on-year in the first three quarters, with nearly 80% of companies reporting profits, supporting the rationale for cash dividends [2] Group 3: Share Buybacks and Stock Purchases - A-share listed companies have implemented buybacks totaling 129.49 billion yuan this year, with significant plans from companies like COSCO Shipping and China National Petroleum [4] - As of the end of October, 467 instances of share buyback plans have been disclosed, with a total planned buyback amount of 62.025 billion yuan from Shanghai-listed companies [4] Group 4: Quality Improvement Initiatives - A total of 1,564 companies on the Shanghai Stock Exchange have disclosed quality improvement plans, representing a 68% disclosure rate [5] - The response rate from listed companies regarding quality improvement and dual enhancement plans has been increasing, with 777 companies from the Shanghai market and 196 from the Shenzhen market reporting progress [6]