BEIJING : China's securities regulator said on Friday it plans to revise rules to make it easier for listed companies to buy back shares in a bid to bolster corporate value and protect investor interest.
The announcement, which could improve market sentiment, comes ahead of China's politically key Communist Party Congress opening on Sunday. Buybacks can be triggered when a company's shares fall 25 per cent within 20 consecutive trading days, according to draft rules soliciting public opinions. That compares with the current trigger of a 30 per cent decline.
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