Curated Chinese Dividend Ranking by Kabutaro & Friends

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China High-Dividend Value Stocks

Based on closing prices of 23 Oct 2026. Chinese stocks that are cheap, financially sound and paying a high dividend.

A-shares (Shanghai, Shenzhen, Beijing) come first, Hong Kong stocks second. Every stock meets all five conditions below; each list is sorted by dividend yield.

Rebuilt automatically every day at 17:00 China time, after the A-share close at 15:00 and the Hong Kong close at 16:00. Last update: 2026-10-24 08:05 (Japan time)

Screening conditions

Stocks meeting every condition: 132 A-shares and 83 Hong Kong stocks.

The Japanese ranking on this site uses PBR 1.00 or less and PER 10.00 or less, but those leave only a few Chinese stocks, because mainland markets trade at higher multiples than Japan. As with the US ranking, only the multiples are adjusted to the market’s level; the thresholds for ROE, net cash and dividend yield are the same on all three pages.

A-shares: top 50 by dividend yield

Share price and dividend are in Chinese yuan (CNY). The dividend is the pre-tax annual amount: the total that went ex-dividend over the past year.

Next in line: 920029 Shenzhen Kaifa Technology (Chengdu) Co., Ltd., CNY 32.76, dividend CNY 1.600, 4.88%

Hong Kong: top 50 by dividend yield

Share price and dividend are in Hong Kong dollars (HKD). The dividend is the pre-tax amount actually paid over the latest year. H-shares are companies incorporated in mainland China and listed in Hong Kong; red chips are Hong Kong-incorporated companies controlled by mainland government bodies or state-owned enterprises.

Prices could not be fetched today, so the list as of 2026-10-22 is shown.

Next in line: 02460 China Resources Beverage (Holdings) Company Limited, HKD 7.05, dividend HKD 0.391, 5.55%

How the list is narrowed down

The A-share universe is every stock listed in Shanghai, Shenzhen and Beijing. The Hong Kong universe is the constituents of the Hang Seng Composite Index. Hong Kong has many small caps that barely trade, and one-off special dividends would push them to the top of a yield ranking, so this index - which covers about 95% of Hong Kong’s market capitalisation - is used instead.

The condition that cuts the most is "cash above interest-bearing debt". Property, infrastructure construction, power, airlines and local-government investment vehicles carry heavy debt and are almost wiped out by it. For Chinese stocks, this single condition does the work of filtering out financially fragile companies.

ROE and the net-cash test do not change when the share price moves. Only PBR, PER and dividend yield do, so figures from financial statements are refreshed every few days while prices are refreshed daily.

Notes

The figures come from Eastmoney. China has no public bulk XBRL service comparable to the SEC’s, so the figures cannot be recalculated from the filings themselves as on the Japanese and US pages. PBR is based on book value per share at the latest quarter, and PER on trailing-twelve-month earnings, both at the day’s closing price.

ROE is an actual figure. For A-shares it is the weighted-average ROE in the latest annual report; for Hong Kong stocks it is the latest reporting period, annualised. Hong Kong companies report only twice a year, so interim results are put on a full-year footing.

Interest-bearing debt is the sum of short-term loans, the current portion of long-term loans, long-term loans, bonds and lease liabilities. Bank customer deposits are not counted as debt. For financial institutions and industries where debt has a different meaning, such as leasing and non-bank lenders, the net-cash test should be read with care.

All dividends are actual payments, not company forecasts. For A-shares, pre-tax dividends that went ex-dividend over the past year are added up (Chinese companies announce "X yuan per 10 shares", which is divided by 10). For Hong Kong stocks it is Eastmoney’s dividend per share for the latest year, in Hong Kong dollars. There is no guarantee the same dividend will be paid next year.

One-off special dividends may be included. Stocks yielding more than 25% are removed as likely special dividends or share-price collapses, but special dividends can also be present below that level. Please check each company’s own disclosures for the breakdown.

Dividends are shown before tax. Withholding and other taxes depend on the share class and where you live, so the amount you actually receive will be lower.

Currency matters. A-shares are quoted in yuan and Hong Kong stocks in Hong Kong dollars; the yield in your own currency will move with exchange rates.

Access to A-shares depends on your broker and country. Many overseas investors can only trade them through Stock Connect or cannot trade them at all, while the Hong Kong stocks in the second list are widely accessible.

Definitions differ between data providers, so these figures will not match those shown by brokers or other sites.

Stocks without recent results, a balance sheet and a dividend record are excluded, since they cannot be judged. Recently listed companies fall into this group.

This page is for information only and is not a recommendation to buy or sell any security. Please make investment decisions on your own responsibility.

Sources: Eastmoney Data Center (financials, dividends, prices) and Hang Seng Indexes (Hong Kong universe).

Related: Curated Japanese Dividend Ranking / Curated US Dividend Ranking / Chinese Stock Message Boards