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Chinese Communist Party seems to have convinced firms to buy back shares, prop up market

Reuters reports on plans for more listed companies on China to buy back shares: 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.Reuters report here for more. ---In the face of such CCP intervention many foreign firms are queueing for the exits. Those with substantial operations in China... Read More

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Posted: Oct 30 2023, 03:58

Author Name: forexlive

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