Over 20 Chinese listed companies become first batch to receive loans for share buybacks, increasing shareholdings
BEIJING, Oct. 20 (Xinhua) -- More than 20 Chinese listed companies on Sunday announced that they have signed agreements with financial institutions or obtained commitment letters to secure loans for share buybacks and increasing shareholdings.
The announcements came after China's central bank launched a special re-lending facility aimed at guiding banks to provide loans to listed companies and their major share