Core Viewpoint - The recent surge in share buybacks and shareholder increases in the A-share market has significantly boosted investor confidence and market resilience, indicating a positive trend for long-term market stability and company value enhancement [1][2][3] Group 1: Share Buyback and Shareholder Increase - From April 6 to April 28, 232 listed companies executed share buybacks totaling 27.56 million shares, with a total amount of 9.165 billion yuan [1] - Over 260 companies announced shareholder increases during the same period, reflecting a strong response to investor concerns [1] - The A-share market quickly rebounded, with the Shanghai Composite Index recovering most of its losses from April 7, showcasing market vitality [1] Group 2: Long-term Impact of Buybacks - Historical data shows that after the introduction of improved buyback regulations in October 2018, the total buyback amount exceeded 49 billion yuan, significantly higher than the previous year's figure of less than 8 billion yuan [1][2] - The period following the implementation of buyback measures often correlates with market stability and investor confidence, as seen in the 76% increase in the All A-share Index over three years starting from the 2018 low [2] - Buyback announcements lead to positive absolute and relative returns over 30 days, 90 days, and even 1 to 2 years, indicating a strong correlation between buybacks and company value enhancement [2] Group 3: Supportive Policies and Market Environment - The introduction of new policy tools by the central bank has provided ample low-cost funding for buybacks, enhancing their sustainability [3] - The establishment of a "stabilization fund" in China has effectively reduced the risks associated with buybacks, encouraging more companies to engage in these practices [3] - These favorable conditions are expected to contribute to a long-term positive market outlook, as investors can perceive the improvements in the market environment [3]
每经热评︱增持回购提振当下信心 也在优化A股长期生态
Mei Ri Jing Ji Xin Wen·2025-04-29 15:03