Zhongtai Securities Feng Yidong: Suggests optimizing the dividend system of listed companies.

At the time of the National Two Sessions in 2026, Feng Yidong, member of the National Committee of the Chinese People's Political Consultative Conference and General Manager of Zhongtai Securities, suggested optimizing the dividend distribution system of listed companies. The first is to use cash flow as an important criterion for debt repayment capacity; the second is to improve the system of checks and balances between creditors and the board of directors; the third is to strengthen the proactive protection function of restrictive clauses in debt financing.