Dec 12, 2024 12:04 PM

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CX Daily: Share Cancellation Key to Ensuring PBOC’s Relending Tool Stabilizes Stock Market, Insiders Say

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Share cancellation key to ensuring PBOC’s relending tool stabilizes stock market, insiders say

As the People’s Bank of China’s (PBOC) relending tool for share repurchases has come into operation, industry insiders have stressed that listed companies canceling the shares they buy back is key to the authorities’ goal of stabilizing the stock market.

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