Report hints dividend cuts could go beyond Big Four banks

Investors should brace for lower dividend income from many mainland banks, as they conserve cash to shore up capital.

In February, state-owned investment arm, Central Huijin Investment, said the mainland's Big Four banks, in which it holds controlling stakes, would cut the banks' respective dividend payout ratios by five percentage points to 35 per cent of 2011 profits.

via Business feed http://www.scmp.com/business/banking-finance/article/1042689/report-hints-dividend-cuts-could-go-beyond-big-four-banks