China's 16 listed banks have cut their dividend payouts, returning RMB 356.2bn ($53.6bn) to shareholders in 2015, a decrease of RMB 8.3bn ($1.2bn) from the previous year. The average payout for all Chinese companies was RMB 1.1tn, down by almost half on last year's figure and more than double what it had been at this stage of 2015.
China's 16 listed banks have cut their dividend payouts, returning RMB 356.2bn ($53.6bn) to shareholders in 2015, a decrease of RMB 8.3bn ($1.2bn) from the previous year. 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.