22 U.S.-listed Companies Announce Buyback Plans This Year
(Beijing) – Twenty-two U.S.-listed Chinese firms have announced plans to buy back shares worth a total of US$ 875 million this year, a report by investment consultancy ChinaVenture Group says.
Many Chinese companies said they were undervalued in the U.S. market in wake of a series of short seller attacks that allege financial fraud, the report said.
The August 28 report also cites the continually weakening global economic environment as a primary factor that contributes to the low price-earnings ratios of Chinese firms.
- Book: Age of Ambition: Chasing Fortune, Truth and Faith in the New China
- Book: China Dolls
- The Market Likes PBOC's 1 Tln Yuan Move, but Wait
- The children's hour
- Star Crossed
- No Tech Barrier to Publishing Unemployment Rate, Statistics Official Says
- Beijing Subway Fares Set to Rise as Gov't Frets over Crowding, Subsidies
- Connecting to the World
- CCTV Executive behind 'A Bite of China' Food Documentary Detained
- Closer Look: Unifying the Hukou System Is a Start, but It's Just That
- Sign up to receive our free daily newsletter
- How the Hammer Falls as China Nails Corruption
- Graphics: Zhou Yongkang's Tangled Path
- CNPC Continues to Be Hit by Scandal as Two More Executives Fall
- Why Do Foreign Brands 'Break Bad' in China?
- Market Reforms, Fight against Corruption Go Hand in Hand, Expert Says
- Caixin Explains: Central Committee Discipline Inspection Teams
- What Li Keqiang Asks in Meetings with Economists
- Central Committee Announces Inquiry into Ex-Security Boss Zhou Yongkang
- Snake Eyes and Scrutiny for Macao's Casinos
- CBRC Approves Three Private Banks as Part of Pilot