China turns to share buybacks to rescue market

Add share buybacks to the long list of measures that China has announced to stem a rout in its stock market, the worst performing in the world this year. After a faster-than-usual revision to the law, companies can repurchase shares with approval from at least two-thirds of the board if deemed necessary to protect shareholders’ interests, or if it is for convertible bonds … http://bit.ly/2DzAFJq

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