SCMP: Bottom-fishing investors should rethink when Chinese companies start buying back their shares
An easy and obvious solution is to prop up the company’s shares with buy-backs. In contrast to their US counterparts, Chinese investors are right to be wary. In the second half, a staggering 1 trillion yuan of share-pledged loans will be due. A similar amount of corporate bonds will need to be refinanced, forcing these companies to compete for funding.
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