China A-shares fell on Wednesday, with the Shanghai Composite Index falling below 3,000 points. The electronic chemicals sector and the Internet services sector fell 5.67% and 5.41% respectively, leading the decline.
The banking sector bucked the trend and rose. This sector has risen for three consecutive trading days. Many A-share listed banks have successively disclosed their 2023 annual reports and released dividend plans, many of which are generous. Taking China Merchants Bank as an example, the bank plans to distribute a cash dividend of 1.972 yuan (RMB, the same below) per share.