Cash dividend distribution has always been a controversial topic inChina stock market. After the new chairman of the SFC took office, themandatory dividend policy is popular around the market. The capitalmarket reforms led by the SFC is kicked off, so in the new era of capitalmarket construction environment, we attempt to empirically analysis thekey factors affecting the cash dividend distribution of China stock marketbasing on the latest data from listed company, and recommend the cashdividend constraint mechanism synchronized with the capital marketreform. |