Reported about 14 hours ago
In response to the escalating tariff conflict with the U.S., Chinese firms have announced a record number of stock buybacks this month, with pledges reaching 44.1 billion yuan ($6 billion) from 139 companies. Notable buyback plans include 8 billion yuan from battery maker Contemporary Amperex Technology Co. and others from XCMG Construction and Midea Group. While these buybacks aim to bolster investor confidence, actual purchases may take time, and companies are not required to complete their pledges.
Source: YAHOO