CICC: high dividend is the main investment line of A-share since the beginning of the year.

CICC: high dividends are the hidden investment main line for A-shares since the beginning of the year. China International Capital Corporation reported that apart from artificial intelligence and "medium special valuation" since the beginning of the year, high dividends are the hidden investment main line for A-shares. Since August last year, the high dividend style has outperformed the major broad-based indices at the same time, and has obvious absolute returns, which is rare in history. China International Capital Corporation believes that the outperformance of high dividends is mainly supported by macro recovery, limited profit flexibility of listed companies, capital problems and "asset shortage" environment. With the change of some factors in the future, high dividend style may still have excess returns, but uncertainty is also increasing.