Several listed Chinese securities firms disclose new buyback plans, with cancellation-type buybacks increasing as part of a shift toward long-term shareholder value.
economy2 h ago
coda.news AI summary
- Five listed securities firms disclosed new buyback plans: Hongta Securities, Zhongtai Securities, Guolian Minsheng Securities, Changjiang Securities, and Hua'an Securities.
- Guojin Securities and other brokers updated progress on previous buyback plans.
- Cancellation-type buybacks increased as a share of total buybacks.
- The shift described involves moving from market-cap maintenance and equity incentives to focusing on intrinsic value and long-term shareholder returns.
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