Market Chatter: SOEs Roll Out Buybacks, Dividend Pledges to Boost Capital Market Confidence

MT Newswires Live07-21 18:01

Chinese state-owned enterprises disclosed share buybacks, stake increases and dividend commitments to reinforce investor confidence in the country's capital markets, state media Xinhua News reported Monday.

Chinalco, China Coal (HKG:1898, SHA:601898), and CRRC (HKG:1766, SHA:601766) unveiled A-share and H-share purchase plans of up to 2 billion yuan, 100 million yuan and 300 million yuan, respectively.

China Pacific Insurance (SHA:601601, HKG:2601) pledged higher equity allocations, while China Shenhua (SHA:601088, HKG:1088) committed to sustained interim dividends in 2026.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment