Central Enterprises and Financial Institutions Announce Intensive Share Buybacks and Increased Holdings to Stabilize Capital Markets

Corporate Action
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Summary · why it matters

On the evening of July 19, central enterprises including China Reform Holdings and China Chengtong Holdings, along with several multi-billion-yuan private equity firms and listed brokerages, intensively announced share buyback and increased holding plans, demonstrating their firm confidence in the A-share market through concrete actions. China Reform Holdings' subsidiary, China Reform Investment, has already utilized over 50 billion yuan from special re-lending facilities and supporting funds for share buybacks and increased holdings, and will continue to increase its holdings in central enterprise stocks in the future. China Chengtong Holdings and its affiliated entities have cumulatively purchased nearly 10 billion yuan of state-owned central enterprise stocks, and plan to further significantly increase their holdings in state-owned central enterprise and technology company stocks as well as ETFs. Multi-billion-yuan quantitative private equity firms Lingjun Investment and Pingfanghe Investment respectively announced they will use 200 million yuan and 100 million yuan of their own funds to subscribe to their own private equity products. Guolian Minsheng Securities and Huaan Securities each plan to repurchase shares worth 100 million to 200 million yuan. In addition, over ten listed companies including Midea Group and Olympic Circuit Technology also disclosed buyback or increased holding plans, with Olympic Circuit Technology planning to repurchase 200 million to 300 million yuan worth of shares, and RemeGen planning to repurchase 25 million to 50 million yuan worth of shares.

Impact on stocks 8

Others · 8 stocks
Midea Group Co Ltd
000333
▲ PositiveCapitalrelevance

Midea Group disclosed a buyback or increased holding plan, signaling confidence and supporting stock price.

Huaan Securities Co Ltd
600909
▲ PositiveCapitalrelevance

Huaan Securities announced a share repurchase plan of 100-200 million yuan, signaling confidence and supporting stock price.

Guolian Securities Co Ltd
601456
▲ PositiveCapitalrelevance

Guolian Minsheng Securities (Guolian Securities) announced a share repurchase plan of 100-200 million yuan, signaling confidence and supporting stock price.

RemeGen Co. Ltd. A
688331
▲ PositiveCapitalrelevance

RemeGen disclosed a buyback plan of 25-50 million yuan, signaling confidence and supporting stock price.

Off-coverage companies 2

平方和投资Private± Mixed
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灵均投资Private± Mixed
relevance