Quoting Sichuan newspaper West China City Daily, the China Securities Journal reported China Securities Regulatory Commission (CSRC) was working on new rules that would tighten corporate governance and prod profit-making companies into paying dividends to attract investors into the A-share market. Companies failing to pay dividends could face new hurdles planning secondary issues, West China City Daily said, adding that the initiative appeared to be in line with the Shanghai stock exchange's plan to introduce a dividend-based index last year.
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