Reporters learned from the website of the People's Bank of China on January 19 that the People's Bank of China and the China Securities Regulatory Commission recently jointly held a forum on stock repurchase, shareholding increase and refinancing to further play the role of policy tools in stabilizing the capital market. It is reported that stock buybacks and increases in holdings are internationally recognized methods for managing the market value of listed companies. In order to cooperate with the market value management of listed companies, in October 2024, the People's Bank of China, following the principles of marketization and rule of law, jointly with the CSRC and the State Administration of Financial Supervision, created the policy tool of stock repurchase and refinancing, and continued to optimize the policy tool in combination with market concerns, reducing the proportion of self owned funds to 10%, extending the maximum term of loans to three years, encouraging banks to issue credit loans, facilitating banks and enterprises to carry out loan business, and fully meeting the financing needs of market value management of listed companies. Financial institutions have stated that stock buybacks and increased holdings of loan products have been widely welcomed by listed companies and major shareholders. In 2024, listed companies disclosed plans to repurchase and increase their holdings by nearly 300 billion yuan. Since the implementation of policy tools, more than 300 listed companies have issued announcements using bank loans to repurchase and increase holdings, with over 40% of companies having a market value of over 10 billion yuan. The driving effect of policy tools has gradually emerged, playing an important role in maintaining the stable operation of the capital market and boosting market confidence. Financial institutions believe that listed companies that actively engage in market value management are high-quality enterprises with good operating efficiency and full confidence in their own business development by management. Stock repurchases and increased holdings loans are expected to become new business growth points. The next step will be to fully leverage customer and branch advantages, continuously improve comprehensive financial services for listed companies and major shareholders, and achieve common development between banks and enterprises. (New Society)