September 6, 2018 / 1:20 AM / 2 months ago

China securities regulator issues draft rule revisions on share buybacks

SHANGHAI, Sept 6 (Reuters) - China’s securities regulator on Thursday released draft revisions of company rules that it said were aimed at simplifying share buyback procedures for listed companies.

In a statement on its website, the China Securities Regulatory Commission said the draft rules would broaden the circumstances under which companies are able to buy back shares.

Reporting by Andrew Galbraith Editing by Shri Navaratnam

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