An $86 Billion Dividend Bill Threatens to Weaken Yuan
(Bloomberg) — Having plunged by the most on record in offshore trade last month, China’s yuan is now facing the threat of selling pressure from the nation’s companies.
Chinese firms are poised to ramp up dividend payments in coming months, with more than 500 Hong Kong-listed companies to hand out around HK$677 billion ($86.2 billion) this year, according to data compiled by Bloomberg as of Thursday. This summer’s June-August peak is set to be 16% higher in terms of payment size than the same period in 2021.
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