China's securities regulator to ease share buyback rules
The China Securities Regulatory Commission (CSRC) published draft rules on Friday which will make it easier for listed companies to buy back shares.
The rule changes aimed at supporting listed companies to buy back their shares and are to safeguard their investment value and protect the interest of smaller shareholders, the CSRC said in a statement on its website.
Buybacks can be triggered when a company's shares fall 25 percent within 20 consecutive trading days, according to draft rules soliciting public opinions. That compares with the current trigger of a 30 percent decline.
In addition, a company will be allowed to implement share buybacks six months after listing, according to the rules, compared with 12 months now. Read More...
