China's Central Bank Launches $42 Billion Re-lending Scheme for Stock Buybacks

More than 20 Chinese companies secure low-interest loans to boost share repurchases and market stability.

China's central bank has introduced a re-lending facility worth 300 billion yuan to support stock buybacks and shareholding increases.
Over 20 listed companies, including Sinopec and China Merchants Port Group, have obtained loans under this program.
The re-lending scheme offers loans at interest rates up to 2.25 percent, encouraging companies to participate.
Analysts suggest the initiative could inject fresh capital into the stock market, enhancing its stability and investor confidence.
The program is part of broader efforts to bolster China's economy and could be expanded based on demand.