More Than 30 Chinese-Listed Companies Announced Share Buyback And Purchase Plans Over The Weekend
Portfolio Pulse from Charles Gross
Over the weekend, more than 30 Chinese-listed companies announced plans to buy back and purchase shares. This move is seen as an attempt to stabilize the market.
October 30, 2023 | 9:41 am
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The iShares China Large-Cap ETF (FXI) could be impacted by the share buyback and purchase plans announced by more than 30 Chinese-listed companies.
The iShares China Large-Cap ETF (FXI) tracks the performance of the largest companies in the Chinese stock market. The announcement of share buybacks by more than 30 Chinese-listed companies could lead to a rise in the value of these companies, which could in turn increase the value of the ETF.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80