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Chinese firms announce buybacks and dividends
Several state-owned companies in China have announced plans to buy back shares and distribute profits, reflecting their confidence in the prospects of the domestic capital market. These measures include increasing ownership stakes by major firms such as China National Aluminum Corporation ("Chinalco"), which aims to raise its stake by an amount ranging from one to two billion yuan over the next 12 months. Additionally, China Collergy announced an increase in its shareholder holdings by approximately 50 to 100 million yuan, while China Resources Railway ("CRRC") plans to boost its investments by between 150 and 300 million yuan within six months. Furthermore, China Pacific Group stated it will continue to distribute profits and focus on long-term investments in the technology and energy sectors. Meanwhile, China Shenhua remains committed to stable dividend policies through 2026.
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