Press "Enter" to skip to content

China relaxes rules on stock buyback to prop up share prices

CHECK THE WIRE FOR REAL-TIME NEWS UPDATES

China's stock exchanges in Shanghai and Shenzhen released new rules on listed companies' share repurchase on Friday, not only allowing them to buy back stocks when share prices tumble, but also make it easier for them to sell the shares repurchased for the purpose after holding for a short period, a further move to encourage listed companies to prop up stock prices with stock buybacks.

According to the announcement of the Shanghai Stock Exchange and the Shenzhen Stock Exchange . . .

To continue reading, please subscribe. You will get

  • Original and in-depth reporting on China's economy and financial markets 
  • Details, data and perspectives you don't read elsewhere
  • THE WIRE - a Real-Time News platform that delivers everything important about China's economy, companies, stocks, bonds, commodities and the yuan.
  • Daily Brief newsletters to get you prepared for every trading day

 

FREE TRIAL cancel any time

We highly value independence. We are solely funded by subscriptions from thousands of readers like you.  

Already have an account? Sign In

 

Top