Chinese companies' $1.4b in share buyback pledges fail to lift markets

Chinese companies' $1.4b in share buyback pledges fail to lift markets

People walk past a screen displaying the Hang Seng stock index outside Hong Kong Exchanges, in Hong Kong, China July 19, 2022. REUTERS/Lam Yik/File photo

Chinese companies have committed more than a billion dollars to share buybacks, but such moves have so far done little to restore confidence in a flagging market.

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