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HKG:1766

7 stories mentioning HKG:1766Updated 11d ago

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Asia

Market Chatter: SOEs Roll Out Buybacks, Dividend Pledges to Boost Capital Market Confidence

Chinese state-owned enterprises disclosed share buybacks, stake increases and dividend commitments to reinforce investor confidence in the country's capital markets, state media Xinhua News reported Monday.Chinalco, China Coal (HKG:1898, SHA:601898), and CRRC (HKG:1766, SHA:601766) unveiled A-share and H-share purchase plans of up to 2 billion yuan, 100 million yuan and 300 million yuan, respectively.China Pacific Insurance (SHA:601601, HKG:2601) pledged higher equity allocations, while China Shenhua (SHA:601088, HKG:1088) committed to sustained interim dividends in 2026.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Shanghai Composite^SZSEHKG:1088HKG:1766HKG:1898HKG:2601SHA:601088SHA:601601SHA:601766SHA:601898
Asia

China Markets Rally on Coordinated SOE Action

Chinese shares closed higher on Tuesday amid a wave of of state-owned enterprises' share buyback and stake-increase announcementsThe Shanghai Composite Index, the main gauge of Chinese stocks, closed 1.8% higher to 3,864.37. The Shenzhen Component Index jumped 4.8% to 14,264.29.Several Chinese state-owned enterprises disclosed share buybacks, stake increases and dividend payouts to reinforce confidence in the country's capital market, state media Xinhua News reported.Chinalco, China Coal (HKG:1898, SHA:601898), and CRRC (HKG:1766, SHA:601766) unveiled A-share and H-share purchase plans of up to 2 billion yuan, 100 million yuan and 300 million yuan, respectively.China Pacific Insurance (SHA:601601, HKG:2601) pledged higher equity allocations, while China Shenhua (SHA:601088, HKG:1088) committed to sustained interim dividends in 2026.In company news, Dosilicon (SHA:688110) projected first-half attributable net profit of between 640 million yuan and 680 million yuan, compared with loss of 111.0 million yuan the previous year. Shares of the memory chips producer closed 20% higher Tuesday.

Shanghai Composite^SZSEHKG:1766HKG:1898HKG:2601SHA:601601SHA:601766SHA:601898SHA:688110
Asia

CRRC Controlling Shareholder Plans Up to 300 Million Yuan Share Purchase

CRRC's (HKG:1766, SHA:601766) controlling shareholder, CRRC Group, plans to increase its stake by purchasing between 150 million yuan and 300 million yuan of A-shares over the next six months, according to a Monday Hong Kong bourse filing.CRRC Group, which owns 51.45% of the company's issued share capital, intends to acquire the shares through the Shanghai Stock Exchange using its own and self-raised funds.The purchases are scheduled to take place between July 20, 2026, and Jan. 19, 2027.The increase in shareholding will not result in a change in the company's controlling shareholder or actual controller.Hong Kong-listed shares of the firm were up nearly 4% in Monday midday trade.

HKG:1766SHA:601766
Asia

CRRC Signs 51.6 Billion Yuan Contracts in Q2

CRRC (SHA:601766, HKG:1766) entered into 51.6 billion yuan of contracts in the second quarter of 2026, according to a Tuesday Hong Kong bourse filing.The agreements were entered into by various of the Chinese rail transit equipment manufacturer's units in multiple niches.

HKG:1766SHA:601766
Asia

CRRC Kicks Off New Locomotive for Central Asia Industrial Operations; Shares Down 3%

CRRC (SHA:601766, HKG:1766) launched a serialized new energy locomotive brand for industrial rail operations across Central Asia and markets within the Belt and Road regions, according to a press release on Friday.The Xuankun, also named Velforce, was presented at the China-Eurasia Expo. It will be used for the region's mining and port railways.The locomotive covers 1,000 kilowatts to 2,000kW through powertrains: a diesel-battery hybrid, a pure battery, and a hydrogen fuel cell. It was designed for Central Asia's harsh climate and rugged terrain. Its features include voice control powered by artificial intelligence, with a one-button departure and unmanned autonomous operation to enhance safety.The railway company's Hong Kong shares fell 3% while Shanghai shares slipped 2% during the afternoon trade.

HKG:1766SHA:601766
Asia

CRRC to Invest 600 Million Yuan Into Partnership Fund

CRRC (SHA:601766, HKG:1766) plans to invest 600 million yuan into a partnership fund it will establish through its subsidiaries, according to a Shanghai bourse disclosure on Tuesday.The Huayu Guoke Strategic Emerging Industries (Suzhou) Venture Capital Fund Partnership (Limited Partnership) will have a registered capital of 1.50 billion yuan. The fund's partnership term will be 12 years and will invest in industrials related to the company's business and upstream and downstream industry chain.The rail transit equipment manufacturer's subsidiaries, CRRC Capital Management and Huayu Zhengdao (Beijing) Private Equity Investment Fund Management, will inject 570 million yuan and 30 million yuan, respectively, into the fund.

HKG:1766SHA:601766
Asia

CRRC's Q1 Profit, Revenue Rise 11%

CRRC's (SHA:601766, HKG:1766) net profit attributable to shareholders in the first quarter rose 10.7% to 3.38 billion yuan from 3.05 billion yuan a year earlier.Earnings per share increased to 0.12 yuan from 0.11 yuan, according to a Saturday filing on the Hong Kong bourse.Revenue at the rail transit equipment manufacturer jumped 10.6% to 53.8 billion yuan from 48.7 billion yuan.

HKG:1766SHA:601766

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