This is via an opinion piece from Reuters, saying the support for ‘national team’ buying of stocks (intervention to prop up the market) is only tepid.
- More than 1,100 companies led by battery
giant CATL have responded by spending $9 bln buying back shares in Shanghai and Shenzhen so far this year
- Yet that’s only a tepid increase from 2022 when firms spent about 60 billion yuan on share buybacks
Despite the increase Reuters says that “Corporate support
It’s a tricky argument to make given the increase though.