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Chinese state firms vow to boost share purchases to soothe markets

Chinese state firms vow to boost share purchases to soothe markets

FILE PHOTO: A woman cycles past the Beijing Stock Exchange building on the Financial Street in Beijing, China February 8, 2024. REUTERS/Florence Lo/File Photo

Several Chinese state holding companies vowed on Tuesday to increase share investment while a slew of listed companies announced share buybacks as Beijing stepped up efforts to stabilise a stock market rocked by U.S. tariff woes.

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