Chinese Firms Unveil RMB 67.6B Buybacks in July 2026

Chinese companies are set to launch their biggest share buyback wave since the tariff-driven market turmoil of April 2025, as authorities move to stem a stock market selloff and restore investor confidence. Exchange data show mainland firms have announced buyback plans totaling RMB 67.6 billion this month, approaching levels seen during the 2025 tariff-induced market slump. The most substantial programs include CATL's plan to repurchase up to RMB 40 billion in shares and Foxconn Industrial Internet's commitment of up to RMB 2 billion.

The buyback wave follows a global equity selloff fueled by concerns over high valuations and heavy capital spending among AI-related companies. In response, Beijing has rolled out fresh support measures and deployed state-backed funds, mirroring its approach in April 2025 when listed firms announced buybacks to halt a market decline after state funds stepped in.

Chinese equities have had a dismal July, with the CSI 300 index falling more than 7% and on track for its steepest monthly drop since October 2022. The tech-heavy STAR 50 index has tumbled about 24%, its worst monthly performance since the index was launched in 2020.