echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > China Chemical > Listed companies repurchase and increase their holdings to show confidence

    Listed companies repurchase and increase their holdings to show confidence

    • Last Update: 2022-04-18
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    In the past few days, a group of listed chemical companies have successively issued announcements, planning to buy back and increase their holdings of the company's shares, conveying confidence in "steady growth"


    On March 17, China Chemical announced that the company is planning to repurchase the company's shares, and the estimated repurchase amount is 400 million to 800 million yuan


    · · · · _

    Up to now, nearly 20 major shareholders of listed companies, including Xinnong, Zhongsheng Hi-Tech, and Tinci Materials, have been repurchasing and increasing their holdings this year


    Since March, the Russian-Ukrainian conflict and the U.


    Data show that since March, the three major stock indexes in Shanghai and Shenzhen have all fallen by more than 10%


    In this regard, on March 16, the Financial Stability and Development Committee of the State Council held a special meeting.


    Subsequently, the China Securities Regulatory Commission stated that it will implement the tasks of the government work report, give play to the role of the market's endogenous stability mechanism, and encourage listed companies to increase their holdings and repurchase


    Zhao Wei, chief economist of Sinolink Securities, said that the current A-share valuation level is below the historical average, but the domestic "steady growth" policy is expected to exert its force again, and market liquidity expectations and valuations will usher in periodic revisions.


      In fact, among the global economies, only China has maintained a high growth rate while maintaining a low inflation rate


      In early March, Hengli Petrochemical launched a ten-billion-level employee stock ownership plan; on March 11, Dongfang Shenghong announced that some employees of the company's controlling shareholder Shenghong Technology and its affiliates planned to increase their holdings of listed companies through secondary market purchases shares


    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.