China Securities Journal｜SSE Companies Announced Tens of Billions Yuan on Buybacks and Increasing Share Holdings to Boost Market Confidence

Translated from China Securities Journal's Taurus APP

Since the week starting April 7, Shanghai Stock Exchange (SSE) has witnessed a surge in share repurchases and shareholding increase activities. Data shows that from April 7 to noon on April 10, 41 companies on the SSE Main Board newly disclosed share repurchase plans, with a maximum amount of 16.885 billion yuan; 47  companies disclosed new shareholding increase plans (including three with one-off  increase of holdings) , with a maximum amount of 28.034 billion yuan — both the scale and pace hitting multi-year highs.

Since the beginning of this year, A-share listed companies have shown growing enthusiasm for share repurchases and shareholding increases. As of noon on April 10, the SSE Main Board recorded a total of 69 new share repurchase plans, with a maximum intended repurchase amount of 27.575 billion yuan, and 98 shareholding increase plans (including 20 with one-off increase of holdings), with a maximum intended amount of 36.825 billion yuan. The SSE STAR Market registered 33 new share repurchase plans, with a maximum intended repurchase amount of 3.215 billion yuan, and 9 new share increase plans, with a maximum intended amount of 696 million yuan. As of now, the SSE STAR Market has 103 share repurchase plans pending completion, worth up to 10.637 billion yuan, and 15 shareholding increase plans pending completion, with a maximum amount of 1.875 billion yuan.

The above information is provided for reference purposes only and does not constitute investment advice.