Chinese Firms Rush to Announce Buybacks as Tariff War Deepens
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Buyback plans announced in China this month have reached the most since a stock rout in February 2024, a sign that companies are putting in concerted effort to offset the market impact from US tariffs.
Share repurchases pledged by 139 companies in Shanghai and Shenzhen amounted to 44.1 billion yuan ($6 billion) as of Thursday, according to exchange data compiled by Bloomberg. Such proposals, along with exchange-traded fund purchases by state funds, have helped soothe investor sentiment.