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More profits expected for shareholders: CSRC

By Li Zhenyu (People's Daily Online)

16:49, June 08, 2012

BEIJING, June 8 (People's Daily Online) -- The China Securities Regulatory Commission (CSRC), China's top securities regulator, recently said in a statement that it is making efforts to let shareholders share more profits from the listed companies.

"The CSRC has been very concerned about the deduction of taxes from dividends and is making efforts to reduce the dividend-related operating costs to pay shareholders more in return," the securities regulator said in the statement.

As for whether the ex-dividend can be abolished or not, the CSRC said that the price of the ex-rights and ex-dividend is just taken as the referenced opening price of individual stocks on the ex-dividend day.

"If the majority of investors are optimistic on the stock and the entrusted price is higher than the ex-rights price, the actual opening price gotten by call auction will be higher than the ex-rights price. Otherwise, the actual opening price will be lower than the ex-rights price," said the CSRC.

The price of ex-rights and ex-dividend is not necessarily the price of buying and selling for investors and will not affect the profits of investors, the securities regulator added.

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