China’s state-owned shipping giants join Beijing’s stock market rescue effort
- Chinese state-owned shipping firms are accelerating share buybacks to support the stock market amid rising US-China trade tensions
- Authorities are directing market support efforts, with firms reporting buyback progress frequently and financial institutions urged to boost stock holdings
- Markets saw a modest rebound, helped by buybacks, intervention of ‘national team’, and Beijing’s restrained response to new US tariffs
China’s state-owned shipping firms have joined a broader state-led effort to stabilise the stock market through accelerated share buybacks, as Beijing moves to shore up investor confidence and counter the impact of escalating US tariffs
