China’s state asset regulator announced plans to support central government-owned companies in increasing their stock holdings and share buybacks, as part of efforts to mitigate the impact of an escalating global trade war on its stock market. Several Chinese state-owned companies, including Sinopec, have already begun buying back shares.
The regulatory body said it will guide these companies to safeguard shareholders’ rights and interests while consolidating investor confidence in listed companies. This move comes as the US has imposed additional tariffs on Chinese goods, bringing the total duties on China this year to 54%.
To counteract the market turmoil, China’s government has stepped up its efforts. The Shanghai Composite Index edged up on Tuesday, recovering some losses after a significant decline the previous day.
The US President Trump has threatened an additional 50% tariff on Chinese imports if China does not withdraw existing levies on US goods.
Source: https://www.reuters.com/world/china/chinas-state-asset-regulator-support-firms-with-share-buybacks-2025-04-08