Good weekend?What are the new rules for buybacks?The biggest buyback wave in history is about to hap

Mondo Finance Updated on 2024-01-30

Currently,a**fieldThere has been the largest wave of buybacks in history, which has attracted widespread attention. However, although the repurchase amount exceeded 80 billion yuan, setting a historical record, it was compared to the wholea**fieldThe scale is 80 trillion yuan, and the repurchase amount accounts for only a very small proportion. Therefore, this wave of buybacks may be more of a positive signal to the outside world. In the context of the continuous outflow of funds from the north, the repurchase amount of listed companies is not enough to alleviate the pressure of foreign capital selling. Therefore, the regulator responded to market demand in a timely manner, set more lenient conditions for buybacks of listed companies, and increased the penalties for flickering buybacks to increaseInvestmentsConfidence of the people. Next, it is expected that a large number of companies will announce buyback plans one after another. Against this backdrop, this article will introduce companies that meet the trigger conditions of the new buyback rules and analyze the specific changes in the new rules.

According to last Friday's ** price calculation, a total of 284 non-ST companies in Shanghai and Shenzhen met this condition. This means these companies**In the short term, there was a large **, and the conditions for triggering the buyback were met. These companies may face some market pressures and need to stabilize their stock prices through buybacksInvestmentsConfidence of the people. To get a better idea of the companies that meet the criteria, some of them are detailed below.

1. Company A

Company AThe cumulative decline of 20% for 20 consecutive trading days has caused some concern in the market. Company A is a leading technology company, mainly engaged in intelligent hardware products. Recently, due to the unstable market situation, the stock price of Company A has fluctuated greatly. In order to stabilize the stock price, Company A decided to carry out a buybackInvestmentsto send a positive signal.

2. Company B

Company B is a well-known manufacturing company with a business scope covering a wide range of fields. Recently, due to the intensification of market competition and macroEconomyThe situation has changed, and Company B's**There was a consecution**. For enhancementInvestmentsCompany B decided to stabilize the stock price through buybacks and demonstrate self-confidence and growth potential.

The above is just an introduction to two of them, and there are actually many companies that stabilize their stock prices through buybacks. These companies are usually looking to change through buybacks after a period of stock price**InvestmentsThe perception of the company enhances market recognition.

2. Repurchase trigger condition 2:Less than 50% of the highest in the most recent year***

A total of 289 companies (not kicked out of ST**) meet this condition, which means that these companies**Significant decline from the highest point in the last year. The following will be a detailed introduction to the ** that partially meets the conditions.

1. Company C

Company C is a well-known real estate development enterprise, recently due toproperty marketThe tightening of regulatory policies and the decline in market demand of the company c**There has been a larger increase**. In order to stabilize the stock price, Company C decided to buy backand boost market confidence by increasing shareholdings.

2. Company D

Company D is a largeEnergyThe company's main business includes oil, natural gas and other fields. Recently, due to the originalOil pricesGrid ** and other factors affect the company dThere was also a notable decline. In order to change the market's perception of the company's prospects, Company D decided to conduct a buyback and raise it by raisingEquityConcentration to improveInvestmentsConfidence of the people.

Through the introduction of the above two companies, we can see that these companies that meet the conditions for repurchase are facing certain market pressures and challenges. In order to stabilize the stock price and increaseInvestmentsThese companies are confident that they are actively taking buyback measures to enhance market recognition by increasing their shareholdings.

In addition to the above-mentioned buyback trigger conditions, the regulator has also made some adjustments to the buyback regulations this year. Here are the main changes:

1. Cancel the provisions on the window period for prohibiting repurchase

In the past, listed companies were prohibited from buying back for specific periods, such as the production of half-year and full-year reports。The new rules remove this restriction and solve the problem that listed companies cannot repurchase during the window period. In this way, listed companies will be able to make buyback decisions more flexibly based on market conditions.

2. Relax the repurchase conditions of listed companies

In the past, the condition for a buyback of a listed company was that it had been listed for one year. The new regulations adjust this condition to six months after listing. It means moreIPOIt can also meet the repurchase conditions, and is expected to join the repurchase tide and enhance the market vitality.

3. Adjust the time limit for repurchase declaration

In the past, listed companies were not allowed to repurchase half an hour before the first half of the dayof the declaration. The new regulations are adjusted to **Call AuctionThe stage shall not be declared. This adjustment can better meet the needs of listed companies for buybacks and improve the efficiency of buybacks.

The revision of the new regulations aims to consolidate the bottom of the market and strengthen the wholeInvestmentsConfidence of the people. Through repurchase, the overall stability of the market can be improved, so that the people and the peopleStockholdersIt can better recover blood and make a greater contribution to consumption.

Through the adjustment of the new rules for repurchases, this yeara**fieldThere has been the largest wave of buybacks in history. Although the repurchase amount exceeded 80 billion yuan, a historical record, it was compared to the entirea**fieldThe scale is 80 trillion yuan, and the repurchase amount accounts for only a very small proportion. Therefore, this wave of buybacks may be more of a positive signal to the outside world. In order to alleviate the pressure of foreign sell-offs, the regulator has made some adjustments to the repurchase regulations, such as canceling the ban on the repurchase window, relaxing the repurchase conditions, and adjusting the time limit for repurchase declaration. These adjustments are expected to consolidate the bottom of the market and improveInvestmentsContribute to the stability and development of the market.

Through the specific introduction of companies that meet the new repurchase rules, it can be seen that these companies are actively taking buyback measures to stabilize stock prices and enhance market confidence in the face of certain market pressures and challenges. This shows that listed companies have a positive attitude towards buybacks and recognize the importance of buybacks to stabilize stock prices and enhance market recognition.

The introduction of the new buyback regulations and the large-scale buyback wave in the market show that the regulators are concerned about market stability and provide more buyback opportunities for listed companies. Through buybacks, companies can stabilize their stock prices and increase their pricesInvestmentsconfidence and make greater contributions to the development of the market. However, the buyback wave is relatively small and requires more companies to be actively involved. At the same time, more measures are needed to attract foreign investment and ease the pressure of foreign capital outflow. Only the market is stable andInvestmentsConfidence has been further strengtheneda**fieldin order to develop better.

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