The People's Bank of China and the China Securities Supervision Commission jointly held a symposium on stock repurchase and re-lending

On January 19, the central bank and the Securities Supervision Commission jointly held a symposium on stock repurchase and re-lending to further play the role of policy tools in stabilizing capital markets. Xuan Changneng, member of the Party Committee and Vice President of the People's Bank of China, and Wang Jianjun, member and Vice Chairperson of the Party Committee of the China Securities Supervision Commission, attended the meeting and delivered speeches. Financial Institution Group said that the stock repurchase and increase loan products are widely welcomed by listed companies and major shareholders. For the whole year of 2024, listed companies disclosed a repurchase and increase plan of nearly 300 billion yuan. Since the implementation of policy tools, more than 300 listed companies have issued announcements on the use of bank loan repurchase to increase their holdings. Companies with a market value of more than 10 billion yuan account for more than 40%. The driving effect of policy tools has gradually emerged, which has played an important role in maintaining the stable operation of capital markets and boosting market confidence. Listed companies that take the initiative to carry out market value management are high-quality enterprises with good operating efficiency and full confidence in their own business development. Stock repurchase loans are expected to become new business growth points. The next step will give full play to the advantages of customers and outlets, and continue to improve comprehensive financial services for listed companies and major shareholders, so as to realize the common development of banks and enterprises.