The total payout by constituents of the CSI 300, which tracks the biggest 300 stocks in Shenzhen and Shanghai, was up 14 per cent last year, as Beijing encouraged companies to reward their shareholders.
Alibaba Group powers a rally in Chinese stocks after a plan to boost profits and add value to shareholders. The news follows the return of co-founder Jack Ma after more than a year of travel overseas.
Stocks advance as China’s top leaders vow to keep embracing foreign capital despite economic and geopolitical headwinds. Noodle maker Tingyi slumps after a weak report card for 2022.
Investors regain composure as authorities in the US and Switzerland make plans to ensure financial stability with liquidity injection plans. China restores live data feeds to restore calm in the local debt market.
Stocks suffer from another bout of risk aversion, driving the Hang Seng Index towards a 3-month low. Traders stand aside as the banking crisis in Europe plays out and bets on Fed rates get clouded.