Renmin Beijing Branch: Support capital market stability and effective implementation of policies for stock repurchase, increase holdings, and re-lending.

On April 27, the Beijing branch of the People's Bank of China held a press conference for the second quarter of 2025, introducing the financial statistics for the first quarter of 2025 in Beijing and the solid promotion of the "Five Major Tasks" of the capital's finance. The situation of stock repurchase and increased loans was a hot topic of market concern. During the press conference, it was revealed that up to now, various banks in Beijing have granted a total of 14.2 billion yuan in loans to 30 listed companies or their major shareholders. Jing Long, the deputy head of the Beijing branch of China CITIC Bank, told reporters during the Q&A session that the bank is following policy guidelines and has successfully provided special loans for stock repurchases and stock holdings, with an actual loan amount of nearly 800 million yuan. Jing Long stated that the bank is committed to establishing a comprehensive financial service package that can withstand economic cycles, resist market fluctuations, and achieve market value management for listed companies and their shareholders.