The CSRC said it will raise the coverage rate of a special re-loan facility for
listed-company stock buybacks and share-increase programs. The regulator will
guide the rollout of more high-profile cases involving large-cap index
constituents and leading technology names, and will urge companies that have
disclosed buyback loan plans to accelerate execution; firms that have applied
for loans should step up repurchases. The CSRC said this is intended to sustain
the current momentum of loan-funded buybacks and support capital market
stability.
