China's A-share market closed higher on Tuesday, driven by strong sector gains and a wave of corporate share buyback announcements signaling investor confidence.
The country's major stock indexes rallied at the close of trading on Tuesday. The Shanghai Composite Index rose 1.58 percent, the Shenzhen Component Index gained 0.64 percent, the BSE 50 Index led the gains with a sharp increase of 4.82 percent, the ChiNext Index climbed 1.83 percent, and the STAR Market Composite Index advanced 1.97 percent.
Investor sentiment was buoyed by continued speculation in the anti-tariff theme and a strong performance in the agriculture sector. Consumer-related stocks also rebounded significantly, with retail, food, and liquor shares among the top performers. Other major contributors to the rally included power, real estate, and financial sectors.
According to Wind Information, over 100 A-share listed companies have announced share buyback or stake increase plans as of Tuesday's market close. Notable companies include PetroChina, Sinopec, Midea Group, Kweichow Moutai, Guotai Junan Securities, and BOE Technology Group.
Preliminary estimates show the total value of these share repurchase and stake increase plans has surpassed 10 billion yuan (about 1.4 billion U.S. dollars). Experts note that such moves typically indicate strong confidence of listed companies or their controlling shareholders in future development prospects. They also serve as tools to stabilize stock prices, optimize capital structures, and send positive signals to the market.
China's A-share market rallies as buyback plans take effect
A Chinese envoy on Friday called on factions in Syria to advance an inclusive political process and alleviate the humanitarian crisis, noting that the current situation in the country remains fragile.
Fu Cong, China's permanent representative to the United Nations, said at a UN Security Council meeting that advancing an inclusive political process is key to resolving the Syrian issue. China hopes that factions in Syria will uphold the ceasefire and integration agreement reached and restore stability as soon as possible, he said.
"We welcome the efforts made by the Syrian transitional government to protect the rights of ethnic minority groups. We hope that factions in Syria will adhere to the Syrian-led and Syrian-owned principle, engage in inclusive dialogue, and advance the political reconciliation process," Fu said.
He stated that countering terrorism is a prerequisite for maintaining security. Terrorist forces remain active in Syria, posing a serious threat to the security and stability of the country and the entire region.
The evolving situation in northeastern Syria has given rise to security risks involving extremist group terrorists, causing widespread concern within the international community. Fu noted that facilities holding terrorists and the Al-Hol camp should receive high attention and be properly managed.
The Chinese envoy also stressed that alleviating the humanitarian crisis is urgent for improving the living conditions of the Syrian people.
"The humanitarian situation in Syria is dire, with 16.5 million people in urgent need of humanitarian aid. Hundreds of thousands of people in the northeastern region have been displaced and are struggling in freezing cold and torrential rain. The international community, especially traditional donors, should increase humanitarian assistance in Syria and ensure that UN agencies and other humanitarian organizations receive adequate financial support. All parties need to help Syria recover and develop its economy in order to fundamentally address the root causes of its humanitarian plight and instability," Fu said.
Fu also pointed out that the situation in Syria is closely linked to that in the Middle East. The Golan Heights are recognized by the international community as occupied Syrian territory, and the 1974 Agreement on Disengagement should be observed. Israel should withdraw from Syrian territory as soon as possible.
He emphasized that China stands ready to continue to play a constructive role in helping Syria achieve security, stability, and development at an early date.
Chinese envoy urges political process, humanitarian aid in Syria
