That is by way of an opinion piece from Reuters, saying the assist for ‘nationwide group’ shopping for of shares (intervention to prop up the market) is just tepid.
- Greater than 1,100 firms led by battery
big CATL have responded by spending $9 bln shopping for again shares in Shanghai and Shenzhen to this point this yr
- But that’s solely a tepid enhance from 2022 when corporations spent about 60 billion yuan on share buybacks
Regardless of the rise Reuters says that “Company assist
appears to be like half-hearted”.
It is a difficult argument to make given the rise although.