BEIJING, July 20 (Xinhua) -- Several Chinese state-owned enterprises (SOEs) on Monday announced measures including share buybacks, stake increases and dividend payouts as they remain confident in the prospects of the country's capital market.
Chinalco, a world leading producer and supplier of aluminum products, announced that its controlling shareholder, Aluminum Corporation of China, and parties acting in concert, plan to increase their holdings of the company's A-shares and H-shares through the Shanghai and Hong Kong bourses, with the total amount of shareholding increase to reach no less than 1 billion yuan (about 147 million U.S. dollars) and no more than 2 billion yuan within 12 months from the date of the announcement.
China Coal Energy, one of the country's largest coal producers, said its controlling shareholder, China National Coal Group, plans to increase its holdings of the company's A-shares by no less than 50 million yuan and no more than 100 million yuan within 12 months from the date of the announcement.
CRRC Corporation, a global leading supplier of rail transport equipment, announced that its controlling shareholder, CRRC Corporation Limited, plans to increase its holdings of the company's A-shares by no less than 150 million yuan and no more than 300 million yuan within six months from the date of the announcement.
One of China's leading insurers, China Pacific Insurance Group, said it will continue to leverage the long-term investment advantages of insurance funds, increase the proportion of equity allocations, and invest in stocks and ETFs in sectors including technology, consumption and new energy.
China Shenhua, a world-leading coal-based energy company, announced that it will maintain its cash dividend frequency and continue interim dividend payouts in 2026 to deliver stable returns to shareholders.
(Editor: wangsu )

