SHANGHAI: China’s top securities regulator urged listed companies to reward investors with cash dividends, vowing to punish stingy “iron roosters”.
Liu Shiyu, chairman of the China Securities Regulatory Commission (CSRC) also warned listed firms against raising money for blind investments, or designing complicated share structures that facilitate insider trading and other malpractices.
Already a subscriber? Log in
The Star Festive Promo: Get 35% OFF Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
