China Reform Holdings Corporation LtdPrivate▲ Positive
Capitalrelevance
Company itself is buying shares in central SOEs, deploying over 50 billion yuan from a special lending programme for share buybacks and stake increases.
China Reform Holdings Corporation and China Chengtong Holdings Group, both state-owned investment firms, have announced plans to further increase their holdings in centrally-administered state-owned enterprises to help stabilise China's capital markets. China Reform Holdings disclosed that its subsidiaries have already deployed over 50 billion yuan from a special lending programme designed for share buybacks and stake increases, along with supplementary stabilisation funds. Meanwhile, China Chengtong and its affiliates have recently purchased shares in central SOEs with a cumulative value of nearly 10 billion yuan, and will continue to use both their own capital and refinancing credit tools to acquire large-scale positions in SOE shares, technology company stocks, and ETF funds.
Company itself is buying shares in central SOEs, deploying over 50 billion yuan from a special lending programme for share buybacks and stake increases.