Lates News

Chinese companies listed in Hong Kong are about to enjoy an early dividend season this year, with dividends planned for the first half of the year significantly increasing compared to previous years when they were concentrated in the third quarter. Data shows that as of April 30, the total amount of dividends planned by Chinese companies listed in Hong Kong for the second quarter this year reached $36.1 billion, the highest in the same period since records began. In contrast, the total amount of dividends planned for the third quarter is only $23.2 billion, even with about $8.6 billion still undecided - a significant decrease compared to previous years. "The early release of mid-term dividends in the first quarter has caused a decrease in dividend volume in June to August this year, which will also reduce pressure on exchange rates," said Zhang Meng, a foreign exchange strategist at Barclays Bank in Singapore in an interview. This not only means that the depreciation pressure on the RMB due to dividends and buybacks in the middle of the year will decrease, but also that the pressure for the Hong Kong dollar to appreciate will decrease.