A-share buyback and shareholding increase wave surges: Shanghai and Shenzhen combined new plan cap exceeds 15.7 billion yuan

Corporate Action
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Summary · why it matters

From July 15 to 20, the A-share market saw a dense wave of buyback and shareholding increase disclosures, with the combined cap on new buyback and shareholding increase plans on the Shanghai and Shenzhen exchanges exceeding 15.7 billion yuan. Central enterprises took the lead, with Aluminum Corporation of China's controlling shareholder planning to increase holdings by no less than 1 billion yuan and no more than 2 billion yuan. CRRC Corporation and China Coal Energy also disclosed shareholding increase plans. The chairman of NARI Technology proposed a buyback of 500 million to 1 billion yuan, and Sinopec updated its buyback progress. Earlier, China Reform Holdings had already used over 50 billion yuan in special re-lending and supporting funds, and China Chengtong Holdings Group had cumulatively purchased nearly 10 billion yuan in domestic stock assets. The wave spread across all sectors on the Shanghai and Shenzhen exchanges. Hengrui Medicine cumulatively paid 853 million yuan for buybacks, Lingyi iTech raised its total buyback funds to between 400 million and 800 million yuan, and three brokerages including Huaan Securities had a combined buyback cap of 700 million yuan. This round of buyback and shareholding increase wave features an increase in buyback cancellations, continued force from special loan tools, and diversification of shareholding increase entities. Analysts believe this is expected to inject positive factors into the market.

Impact on stocks 10

Others · 10 stocks
NARI Technology Co Ltd
600406
▲ PositiveCapitalrelevance

NARI Technology's chairman proposed a buyback of 500 million to 1 billion yuan, a significant capital allocation plan.

Huaan Securities Co Ltd
600909
▲ PositiveCapitalrelevance

Huaan Securities is one of three brokerages with a combined buyback cap of 700 million yuan, indicating capital return.

Off-coverage companies 1

China Chengtong Holdings Group LtdPrivate▲ Positive
Capitalrelevance

Cumulatively purchased nearly 10 billion yuan in domestic stock assets.