Chinese listed companies heed government's call for market stimulus

Pledges to 'enhance corporate quality' follow premier's cue with buyback plans

20240208 CHINA SHANGHAI STOCK EXCHANGE

Many companies listed in Shanghai said that they will take steps to stimulate the stock market at the urging of the government. (FeatureChina via AP)

KENJI KAWASE, Nikkei Asia chief business news correspondent

HONG KONG -- Hundreds of mainland Chinese listed companies have publicly declared they will take part in the government's call to prop up the stock market and the overall economy, openly pledging to "enhance corporate quality."

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