Commercial banks in China have released more than 300 billion yuan in debt since September 2024, Yicai Global reported Thursday, citing a report by state-owned China Central Television.
The package included a special lending facility to fund share repurchases and stake increases, the report said.
The facility had an initial quota of 300 billion yuan, while future releases would follow based on demand, Yicai said, citing Governor Pan Gongsheng.
Industrial and Commercial Bank of China (SHA:601398, HKG:1398) has supported more than 400 repurchase programs worth more than 100 billion yuan, the report said, citing an insider interviewed by CCTV.
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