Stock buyback and increase in loan business landing for a year, pilot banks are expected to expand.

The range of institutions participating in stock repurchase and shareholding loan business is expected to expand to city commercial banks. Previously, only 21 national financial institutions were involved in this business. According to the announcement of listed companies, Beijing Bank and Shanghai Bank have signed loan commitment letters related to stock repurchase and shareholding loans with some listed companies. It was learned recently that in addition to Beijing Bank and Shanghai Bank, Ningbo Bank, Jiangsu Bank, and Nanjing Bank are also expected to qualify for this loan business.