Refinancing rules to spur buybacks

Investors welcome regulators' latest effort to simplify procedures for A-share companies

Central regulators greenlighted refinancing for China's A-share companies late last week, in a move to encourage buybacks.

The China Securities Regulatory Commission, the Ministry of Commerce and State-owned Assets Supervision and Administration Commission jointly released a guideline on Friday to expand the financing channels and simplify the implementation process for companies' buyback plans.