More China companies buyback shares as Beijing seeks to stabilise market

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 8 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 66%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

SHANGHAI : More than 30 Chinese listed companies unveiled share buyback and purchase plans over the weekend while major mutual fund house E Fund Management Co said it would invest in its own product as Beijing steps up efforts to put a floor under a sliding stock market.

China has already announced a slew of measures, including share purchases by state fund Central Huijin, to stem declines in a stock market that last week hit the lowest level since 2019.

In addition, companies such as CRRC Corp and Wuxi Lead Intelligent Equipment disclosed share purchase plans by their controlling shareholders.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines