Central enterprises intensively announce increased holdings and repurchases

2025-04-09

On the 8th, the State owned Assets Supervision and Administration Commission of the State Council stated that it will fully support and promote the proactive actions of central enterprises and their controlling listed companies, continuously increase their repurchase efforts, effectively safeguard the rights and interests of all shareholders, continuously consolidate market confidence in listed companies, strive to enhance company value, and fully demonstrate the responsibility of central enterprises. According to incomplete statistics, as of 20:00 on the 8th, 18 central enterprises have announced an increase in holdings and repurchases. On the 8th, China National News Corporation announced that its subsidiary, Guoxin Investment Co., Ltd., will increase its holdings of central enterprise stocks, technology innovation stocks, and ETFs through a special refinancing program for stock buybacks, with an initial amount of 80 billion yuan; China Chengtong announced on the 8th that it plans to use 100 billion yuan from stock buybacks and refinancing funds to increase its holdings of listed company stocks; CNOOC announced that it plans to increase its holdings of A-shares and Hong Kong shares of China National Offshore Oil Corporation within the next 12 months, with a cumulative increase of no less than RMB 2 billion and no more than RMB 4 billion; Sinopec announced that it has officially launched a new phase of its shareholding increase plan, with plans to increase its holdings of Sinopec A-shares and H-shares by no less than RMB 2 billion and no more than RMB 3 billion, with funding sources from its own funds and special loans for increasing holdings of stocks; State Grid Holding's Guodian Nanrui has released a share repurchase announcement proposed by the chairman of the listed company, with an expected repurchase scale of 500 million to 1 billion yuan. (New Society)

Edit:Yao jue    Responsible editor:Xie Tunan

Source:People's Daily

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