Haowu lands CITIC Bank buyback loan

What's the deal? Haowu sharesDealroom has a profile for this one. Try Dealroom → (000757.SZ), a Tianjin-based listed company, announced on May 25 that it has received a loan commitment letter from CITIC BankDealroom has a profile for this one. Try Dealroom →'s Tianjin branch. The facility is capped at 18 million yuan (~$2.5M) and can only be used to buy back the company's own stock.

Why now? Chinese regulators have been encouraging listed companies to conduct share buybacks as a tool to stabilise capital markets. Dedicated buyback loan products from major banks like CITIC have become a common mechanism for facilitating these repurchases.

The signal: The deal reflects a broader trend in China where banks are actively extending special-purpose loans tied to stock buybacks. It signals continued policy support for market confidence measures — and suggests listed firms, even smaller ones, are tapping these instruments to shore up their share prices.

Read more: jiemian.com