As promised, the Shanghai Stock Exchange began the first trading day of the year with the launch of a new dividend index to track 50 listed companies with the highest dividend payments. Component companies in the index include large blue chips such as Sinopec, Baosteel and Shanghai Automotive, as well as medium sized companies, including Laiwu Steel Corporation and Xiamen C & D Inc. The 50 companies, with an average cash dividend of about 2.3%, accounted for more than half of the market's dividend payouts last year.
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