The China securities regulators says it encourages listed firsm to buy back more shares to inject more capital into the A-share market and make every effort to maintain stable market operations.
Alibaba reports earnings tomorrow and it has a large cash pile. Many investors would like it to step-up stock buybacks. This might be a tap on the shoulder from regulators that a big buyback would be appropriate. It certainly didn’t hurt META last week.
This article was written by Adam Button at www.forexlive.com.
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