China’s investors flock to dividend stocks as returns double those of state bonds
Chinese investors have been flocking to dividend stocks, taking shelter from market turmoil spurred by sell-offs in technology companies and K-shaped economic growth in the Asian nation.
Two key gauges of the mainland-listed companies with the highest dividend yield ratios outpaced the benchmark heading into October, when fears of financial tightening in the US and China’s flagging domestic demand weighed on investors’ risk appetite.
The Shanghai Stock Exchange Dividend Index of the 50 selected...
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