The State Council's latest "National Nine Provisions" policy focuses on the high-quality development of the capital market, strengthens the supervision of dividends of listed companies, aims to enhance investor returns, and opens the era of dividends in the stock market. The policy encourages multiple dividends per year, indicating potential high dividend investment opportunities in A-shares and Hong Kong stocks markets. Against this backdrop, Shengye (06069.HK) generously rewards shareholders with a dividend payout ratio as high as 90%, significantly exceeding the market average. Several securities firms are optimistic about dividend strategies, believing that the new policy will drive the capital market towards high-quality and high dividend yield transformation, bringing lucrative returns to investors, while also stimulating dividend competition in the Hong Kong stock market, attracting long-term funds into the market, and promoting the prosperity of the capital market.

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