Guangdong: Encouraging Listed Companies to Establish and Improve Regular Dividend Mechanisms, Strengthening Market Value Management at State-Controlled Listed Companies

36Kr has learned that the Guangdong Provincial Development and Reform Commission has issued a notice on the Guangdong Province Consumption Expansion Implementation Plan. The plan calls for multiple channels to boost resident income. It includes improving factor-based distribution policies and strengthening incentives that reward skills and knowledge, promoting greater pay for those who work harder, have higher skills, and innovate. It also optimizes the evaluation and regular adjustment mechanism for minimum wage standards, implements the province's minimum wage standards, and steadily raises incomes of low-income workers. The province will improve the three-tier (provincial, municipal, and district) enterprise salary survey and information release system and actively promote collective wage consultation. It will continue to improve the operating environment for small and micro enterprises and individual businesses, and implement preferential policies such as reduced fees for financing guarantees and tax and fee exemptions. Listed companies are encouraged to establish and improve regular dividend mechanisms, and market value management at state-controlled listed companies will be strengthened. The plan also aims to expand the supply of personal pension products.