American Invest Hub
  • Politics
  • Investing
  • Business
  • Latest News

American Invest Hub

  • Politics
  • Investing
  • Business
  • Latest News
Latest News

China responds to Donald Trump’s 104% tariffs with brokerage pledges, buyback plans

by admin April 9, 2025
April 9, 2025
China responds to Donald Trump’s 104% tariffs with brokerage pledges, buyback plans

In a coordinated effort to shore up investor confidence, top Chinese brokerages have pledged to help stabilize domestic share prices, the Shanghai bourse announced.

This pledge comes as scores of listed companies unveiled plans to buy back their own stock, a response to the escalating trade war that has sent shockwaves through the local market.

The Shanghai Stock Exchange (SSE) revealed late on Tuesday that it convened a meeting with 10 leading brokerages to emphasize the critical importance of stabilizing markets in the face of external shocks.

The SSE stated that participating firms, including Citic Securities, Orient Securities, and Industrial Securities, expressed optimism about China’s long-term growth prospects and vowed to actively work to steady the market, a clear signal of support for government efforts.

America’s 104% hit on Chinese goods

The United States said that 104% duties on imports from China will take effect shortly after midnight, intensifying trade tensions that have already roiled global markets and smacked Chinese shares, underlining the immediate threat to the Chinese economy.

The brokerage gathering represents an acceleration of efforts by Chinese authorities to try and limit the damage from the trade war.

This follows earlier vows from Central Huijin, the government wealth fund, to increase their stock holdings to provide further market support.

Adding to the effort, more than 100 Chinese listed companies have published announcements regarding share purchases or buybacks, seeking to bolster confidence in a market that has slumped to six-month lows this week, creating further worry for investors.

Construction machinery maker Sanyi Heavy Industry Co stated that it repurchased 5 million shares worth 92.9 million yuan ($12.64 million) through the public market on Tuesday, demonstrating concrete action.

Also Read | Which US sectors are most at risk from China’s new tariffs?

Similarly, XCMG Construction Machinery announced plans to buy back the company’s shares worth up to 3.6 billion yuan, underscoring the scale of corporate efforts to stabilize share prices.

More than 20 listed companies controlled by the central government also unveiled buyback plans under the guidance of China’s state asset regulator, signaling a unified response from the government and state-owned enterprises.

This group includes prominent oil companies PetroChina and Sinopec, as well as power generators such as China Shenhua Energy Co and GD Power Development, highlighting the broad scope of the buyback initiatives.

The post China responds to Donald Trump’s 104% tariffs with brokerage pledges, buyback plans appeared first on Invezz

0
FacebookTwitterGoogle +Pinterest
previous post
Why analysts are betting on Richemont and Hermes stocks as Trump tariffs take sheen off the luxury sector
next post
Dow and S&P 500 rebound on hopes of tariff deals; Broadcom shares jump, healthcare stocks post notable gains

Related Posts

Crown Prince to Trump: Saudi Arabia eyes $600B...

January 23, 2025

Iranian rapper Toomaj Salehi sentenced to death for...

May 6, 2024

40 people killed in migrant boat fire off...

July 20, 2024

Japan court orders government to pay damages for...

July 4, 2024

US reality show contestant kills and eats protected...

July 24, 2024

EssilorLuxottica share price jumps on Meta’s 3% stake

July 9, 2025

Malaysia may renew search for MH370 nearly 10...

March 6, 2024

Why the UK economy feels stuck and how...

December 11, 2024

Burger King UK seeks £40M refinancing to fund...

March 20, 2025

Blast in Tel Aviv kills at least one...

July 19, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest News

    • How Donald Trump’s immigration crackdown may tank the labor market

      August 4, 2025
    • Trump’s tariff threat looms over India’s Russian oil deals

      August 4, 2025
    • Trump moves nuclear submarines near Russia: what triggered the move and what’s ahead

      August 3, 2025
    • BOE rate cuts offer little relief as UK households face mounting financial strain

      August 3, 2025
    • Retail investors shift focus to Europe as US valuations stretch

      August 3, 2025

    Categories

    • Business (3,612)
    • Investing (2,713)
    • Latest News (2,031)
    • Politics (1,530)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: americaninvesthub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 americaninvesthub.com | All Rights Reserved