Bloomberg reports that China ’s official company encourages companies listed on the Shanghai Science and Technology Board to repurchase stocks this week.
Bloomberg News Friday (August 18) quoted sources who did not want to be named. Under the guidance of the China Securities Supervision and Administration Commission, the Shanghai Stock Exchange informed the science and technology board listed company and encouraged the equity to propose equity.Company re -financing applications for repurchase.
According to reports, these companies responded that the call of about 30 science and innovation board listed companies proposed to repurchase stocks on Thursday evening.A total of about 230 companies repurchased stocks this year.
The science and technology board has fallen 5.1%so far this year, and the 50 index of science and technology 50 has fallen by 0.67%when the market closed on Friday.
Some companies that announced the repurchase arrangement have risen, but the increase in the stock price of multiple stocks narrowed.Hefei Jingsong Intelligent Technology has risen (with 20%), and Ningbo Junpu Intelligent has also risen by 12%. Suzhou Na core Microelectronics and Xinjiang's new energy have risen by 6.6%and 2.9%, respectively.
The Shanghai Stock Exchange and the China Securities Regulatory Commission did not respond to Bloomberg's comment request.
