China's 16 listed banks have cut their dividend payouts for past year amid slowing net profit growth. Hainan province 's 2000 listed banks have cut their dividend payouts, returning RMB 356.2bn ($ 53.6bn ) to shareholders in the previous year , a decrease of RMB 8.3bn ($ 53.6bn ) from 2015 . The banks' ability to return shareholders money continues to decline as the country faces a slowing net profit growth and a higher level of nonperforming loans.
Hainan province 's 2000 listed banks have cut their dividend payouts, returning RMB 356.2bn ($ 53.6bn ) to shareholders in the previous year , a decrease of RMB 8.3bn ($ 53.6bn ) from 2015 . The banks' ability to return shareholders money continues to decline as the country faces a slowing net profit growth and a higher level of nonperforming loans.