Chinese Securities Firms and Major Shareholders Announce Share Buybacks and Stake Increases Worth Hundreds of

In recent days, the securities sector has seen a flurry of share buyback and stake-increase announcements. Soochow Securities' controlling shareholder, Suzhou International Development Group, plans to increase its stake in the company over a six-month period starting from the announcement date, via centralized bidding or other compliant methods on the Shanghai Stock Exchange. The total amount of the increase will be no less than RMB 100 million and no more than RMB 200 million. As of the announcement date, Suzhou International Development Group and its concert parties held 1.408 billion shares of Soochow Securities, representing 28.33% of total equity. The stake-increase plan does not set a price range.

Meanwhile, a shareholder of Industrial Securities, Fujian Provincial Investment and Development Group, plans to increase its holdings of the company's A-shares over a six-month period starting from the announcement date of July 22, 2026. The total amount of the increase will be no less than RMB 30 million and no more than RMB 60 million. Fujian Provincial Investment and its concert parties hold 762 million shares of Industrial Securities, representing 8.82% of total equity.

Securities firms are also advancing their own share repurchase plans. On the evening of August 4, Changjiang Securities announced a buyback plan, intending to repurchase shares using self-owned funds via centralized bidding, with a total repurchase amount of no less than RMB 100 million and no more than RMB 200 million. The maximum repurchase price is set at no more than 150% of the average trading price of the stock in the 30 trading days prior to the board resolution, which equates to no more than RMB 14.01 per share. The repurchased shares are intended for use in employee stock ownership plans or equity incentives.

As of July 31, 2026, GF Securities had repurchased a cumulative total of 17.3996 million shares, accounting for 0.4696% of the company's total share capital. The highest purchase price was RMB 9 per share and the lowest was RMB 8.16 per share, with a total payout of RMB 150 million. The company plans to repurchase shares worth no less than RMB 150 million and no more than RMB 300 million, at a price not exceeding RMB 13 per share.