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CSRC discloses methods to implement bonus system

By Li Zhenyu (People's Daily Online)

09:05, June 11, 2012

The issue that some listed companies, albeit with an outstanding performance, consistently pass the dividend has plagued China's stock market for some time.

Although the China Securities Regulatory Commission (CSRC), China's top securities regulator, has made rules and regulations to supervise the listed companies' sharing out bonus, there are still some out there that are reluctant to share out bonus.

How to implement the bonus system of listed companies has become the critical part.

The CSRC recently disclosed its concrete methods in a statement regarding how to implement the bonus system of listed companies.

To those companies in which the accumulative net profit is positive but has no dividends, the agencies of CSRC have made an investigation to urge these companies to disclose the specific reasons why they did not share out bonus, where the non-allocated capital are used and why the anticipated profits are not consistent with the actual profits, the CSRC said in the statement.

For those that do not share out bonus according to the previous promise and do not carry out the obligation of sharing out bonus for a long time, the CSRC will strengthen supervision and constraints of those companies, and help them to firmly establish the consciousness of paying shareholders in return and promote them to improve the corporate governance, it said.

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