China's listed companies rush to tap central bank funding for share purchases
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 21 2024
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Should l Buy ?
Source: Yahoo Finance
Central Bank Lending Scheme: Over 20 Chinese listed companies are utilizing a new $42 billion lending scheme from the People's Bank of China (PBOC) to finance share buybacks and increase holdings, with loans available at attractive interest rates.
Market Impact and Participation: Major firms like Sinopec and COSCO Shipping Holdings have already secured substantial loans for share purchases, and analysts anticipate more companies will join in, potentially revitalizing a sluggish stock market.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
