He said the banks' yearly profits growth reached 35 to 40 per cent in the past dozen years, but now the growth had slowed to less than 1 per cent, with some banks even recording a loss. 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 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.