As of July 28, Shanghai listed companies have distributed more than 1 trillion yuan in cash dividends in 2025, and the remaining dividend funds of about 120 billion yuan will be intensively implemented in the near future. As of July 28, there were 29 companies with cumulative actual dividends exceeding 10 billion yuan in 2025, including ICBC, China Mobile, China Construction Bank, etc. exceeding 100 billion yuan, and 6 companies including Agricultural Bank, CNPC, and Kweichow Moutai. At the same time, dividend low-wave ETFs, which have both high dividends and low volatility attributes, are becoming an important position for incremental capital allocation. Since this year, as of July 27, Shanghai ETFs have accumulated dividends of 20.8 billion yuan, accounting for 95% domestically. Of these, 2 Shanghai and Shenzhen 300 ETFs have accumulated dividends of more than 4.5 billion yuan. Dividend ETFs continue to attract incremental capital into the market, with a cumulative net capital inflow of nearly 23 billion yuan since this year, and a net inflow of nearly 2 billion yuan since July.

As of July 28, Shanghai listed companies have distributed more than 1 trillion yuan in cash dividends in 2025, and the remaining dividend funds of about 120 billion yuan will be intensively implemented in the near future. As of July 28, there were 29 companies with cumulative actual dividends exceeding 10 billion yuan in 2025, including ICBC, China Mobile, China Construction Bank, etc. exceeding 100 billion yuan, and 6 companies including Agricultural Bank, CNPC, and Kweichow Moutai. At the same time, dividend low-wave ETFs, which have both high dividends and low volatility attributes, are becoming an important position for incremental capital allocation. Since this year, as of July 27, Shanghai ETFs have accumulated dividends of 20.8 billion yuan, accounting for 95% domestically. Of these, 2 Shanghai and Shenzhen 300 ETFs have accumulated dividends of more than 4.5 billion yuan. Dividend ETFs continue to attract incremental capital into the market, with a cumulative net capital inflow of nearly 23 billion yuan since this year, and a net inflow of nearly 2 billion yuan since July.