CCTV News (News Network): On April 10, the reporter learned from many banks that commercial banks are accelerating the implementation of repurchase and increase loans recently. Among them, the credit amount of the Industrial and Commercial Bank of China, China Merchants Bank, Agricultural Bank of China, Bank of China, Construction Bank, Bank of Communications and other banks is more than 10 billion yuan. According to preliminary estimates, since April, the market has added about 200 billion yuan in new stock repurchase and loans. At present, listed companies that have received bank support include both central enterprises and state-owned enterprises, as well as many private enterprises, involving industries including advanced manufacturing, biomedicine, high-end equipment and other fields.
In order to support the stable development of the capital market, in September last year, the People's Bank of China announced the creation of a special re-loan for stock repurchase and increase holdings, guiding banks to provide loans to listed companies and major shareholders to support their repurchase and increase holdings.
