Over 70 A-Share Firms Get Buyback and Increase Loan Commitments in July 2026
In July 2026, more than 70 A-share listed companies disclosed receipt of loan commitment letters for share buybacks and shareholder increases, with aggregate upper limits reaching RMB 12.731 billion, an annual record. Buyback loans dominated, with over 60 such companies, while more than 10 were for shareholder increases. Main-board firms accounted for over 40, and at least 50 companies had market values below RMB 10 billion. Notable recipients included Chalco, Huayou Cobalt, Hailiang, and Dazhong Mining.
The A-share market adjusted in July 2026, yet the volume of buyback and stake-increase loans disclosed by listed companies accelerated. That month, more than 70 companies reported obtaining loan commitment letters for buybacks or shareholder increases, with combined upper limits of RMB 12.731 billion, setting a 2026 high in both the number of companies and the scale of loans.
By monthly trend for 2026: January had 18 companies and RMB 2.854 billion; February 12 companies and RMB 3.912 billion; March 17 companies and RMB 7.389 billion; April 30 companies and RMB 12.689 billion; May 31 companies and RMB 6.118 billion; June 33 companies and RMB 7.646 billion; July over 70 companies and RMB 12.731 billion.
Among the July filers, share buyback loans dominated, with more than 60 companies, while over 10 were for shareholder increase loans. By listing board, more than 40 companies were on the main board, with ChiNext, STAR Market, and Beijing Stock Exchange also represented. By Shenwan primary industry classification, the companies spanned power equipment, pharmaceuticals and biotech, machinery equipment, basic chemicals, electronics, and other sectors, with relatively more in key industries such as new energy and pharmaceuticals. By market-capitalisation size, large-, mid-, and small-cap firms all featured, and at least 50 companies had market values below RMB 10 billion.
In terms of loan limits, Chalco, Huayou Cobalt, Hailiang, and Dazhong Mining were among the largest recipients. Chalco’s controlling shareholder, Chinalco, obtained a loan commitment letter from ICBC Beijing Branch on July 22, with a maximum loan amount of RMB 180 million and a term of no more than three years, dedicated to increasing its stake in the company on the A-share market. This was one of the largest shareholder-increase loan caps since the start of 2026.
Among the July companies, Suzhou Good-ark, Guanshi Technology, Chenghe Technology, Lvtong Technology, Aoshikang, Jiechuang Intelligent, Tonghe Technology, Shiyun Circuit, and Honggong Technology all fell more than 30%. Suzhou Good-ark planned a buyback of RMB 50 million to RMB 100 million, with Bank of China Suzhou Branch issuing a commitment letter; the company’s cumulative July decline exceeded 40%. Chenghe Technology obtained a commitment letter from Bank of China Guangzhou Baiyun Sub-branch, with an amount not exceeding RMB 126 million and a term of no more than three years, for share repurchase; its share price fell 40.29% in July.