NARI Technology Co LtdNARI Technology announced share buybacks, cash dividends, and injections of high-quality assets as part of a joint effort to support the market.
The China Securities Regulatory Commission recently organised a symposium with representatives from securities fund institutions and listed companies to hear opinions and suggestions on promoting the stable and healthy development of the capital market. Before the market opened on 20 July, five central enterprise listed companies—China Shenhua Energy, CRRC Corporation, Aluminum Corporation of China, NARI Technology, and China Coal Energy—released intensive announcements, sending positive signals through shareholder shareholding increases, share buybacks, cash dividends, and injections of high-quality assets. The previous evening, China Reform Holdings disclosed that it had already used over 50 billion yuan in special re-lending for share buybacks and shareholding increases, along with supporting funds, to maintain market stability, while China Chengtong Holdings disclosed that it had recently purchased nearly 10 billion yuan in onshore stock assets cumulatively. In the brokerage sector, three brokerages—Huaan Securities, Guolian Minsheng Securities, and Sinolink Securities—successively launched buyback plans with a combined maximum amount of 700 million yuan. In the private equity industry, two billion-yuan-level quantitative private equity firms, Lingjun Investment and Pingfanghe Investment, simultaneously announced large-scale self-purchases. Since July, six institutions have made self-purchases totalling 412 million yuan, accounting for nearly 79 percent of the full-year total. Funds entered the market against the trend via exchange-traded funds. Last week, total net inflows into ETFs across the market reached 229.033 billion yuan, of which equity ETFs contributed 203.592 billion yuan, and broad-based ETFs saw net inflows of 156.12 billion yuan in a single week. The latest size of the Huatai-PineBridge CSI 300 ETF reached 99.521 billion yuan. The market adjustment was mainly triggered by external factors such as geopolitical tensions in the Middle East and deleveraging in overseas technology sectors. There has been no trend reversal in the fundamentals of the domestic economy or corporate earnings. The 900 companies on the Shenzhen market that have disclosed half-year earnings forecasts reported total net profits of approximately 230.7 billion yuan, a year-on-year surge of 147 percent.
NARI Technology Co LtdNARI Technology announced share buybacks, cash dividends, and injections of high-quality assets as part of a joint effort to support the market.
China Shenhua Energy CoChina Shenhua Energy announced shareholder shareholding increases, share buybacks, cash dividends, and injections of high-quality assets.
Aluminum Corp of China LtdAluminum Corp of China announced shareholder shareholding increases, share buybacks, cash dividends, and injection of high-quality assets as part of market stabilization efforts.
CRRC Corp Ltd Class ACRRC Corporation announced shareholder shareholding increases, share buybacks, cash dividends, and injection of high-quality assets as part of market stabilization efforts.
China Coal Energy Co LtdChina Coal Energy announced shareholder shareholding increases, share buybacks, cash dividends, and injection of high-quality assets as part of market stabilization efforts.
Sinolink Securities Co LtdSinolink Securities launched a buyback plan with a combined maximum amount of 700 million yuan, part of a broader market stabilization effort.
Huaan Securities Co LtdHuaan Securities launched a buyback plan with a combined maximum amount of 700 million yuan, part of a broader market stabilization effort.
Guolian Securities Co LtdGuolian Securities launched a buyback plan with a combined maximum amount of 700 million yuan, part of a broader market stabilization effort.