A screen shows news footage of Chinese President Xi Jinping at the China Securities Regulatory Commission building in Beijing. Photo: Reuters
China’s securities watchdog renews call that firms buy back shares, asks major shareholders to support stock prices amid sluggish stock market
- The regulator suggests it will also look at stock and bond issue plans favourably to help fund buy-backs
- Regulator also wants social security funds, pension funds, trusts, insurance companies and wealth management institutions to increase investment in capital markets
A screen shows news footage of Chinese President Xi Jinping at the China Securities Regulatory Commission building in Beijing. Photo: Reuters