The first batch of cases involving loan repurchase and增持 have officially been implemented. On a certain date, several listed companies on the Shanghai and Shenzhen stock exchanges issued announcements stating that their companies or controlling shareholders have signed loan agreements with banks, obtained loan commitment letters, or reached cooperation intentions, and will use the loan funds for repurchases or增持. The total amount of funds involved in the loans for the first batch of listed companies exceeds 10 billion yuan.

In addition to Weimai and Dongxin, a total of listed companies disclosed loans or credit lines, among which loans or credit funds accounted for more than % of the market value of tradable shares. The banks participating in this special loan business include the Big Four (ICBC, ABC, BOC, CCB), as well as two joint-stock banks, China Merchants Bank and CITIC Bank. Among them, BOC and CMB have relatively more cooperative companies.

According to relevant regulations, large shareholders' use of loans to increase holdings and repurchases are all conducted through centralized bidding. A financial insider told First Financial that trading through centralized bidding will have a positive effect on the share price of the relevant companies, benefiting their long-term value.

Specifically, the first batch of listed companies participating in the share buyback and增持 loans include Sinopec, China Merchants Shekou, China Merchants Energy Shipping, China Merchants Port, COSCO Shipping Holdings, COSCO Shipping Development, Guangdong Radio & TV Measurement, Meyer Burger, GigaDevice, Shenzhen VMAX, Jiahua Energy, Wens Foodstuff Group, Foshan Foresight Technology, Sungrow Power Supply, Sun Paper, Tongyu Heavy Industry, Muyuan Foods, China Merchants Logistics, COSCO Shipping Energy, COSCO Shipping Specialized Carriers, Dongxin Semiconductor, Linuo Special Glass, and Linglong Tire.

The above-mentioned listed companies are distributed across 28 provinces in the country, with the most in Guangdong, totaling 52, followed by Shanghai with 40, and Beijing, Shandong, and Anhui each with 21. Jiangsu, Zhejiang, Henan, and Tianjin each have 19 companies. In terms of enterprise nature, the first batch of listed companies to receive loans for share buybacks and增持include central SOEs, local SOEs, and private enterprises. In terms of listed sectors, there are companies from the main board, the STAR market, and the ChiNext market, with 79 on the main board, 35 on the STAR market, and 34 on the ChiNext market. In terms of industries, they are distributed across 18 sectors including shipping and ports, automotive parts, semiconductors, photovoltaic equipment, and aquaculture.

In terms of total market capitalization, there are a total of companies with a market capitalization of over 100 billion yuan, a total of companies with a market capitalization of over 10 billion yuan, and a total of companies with a market capitalization below 10 billion yuan. Among them, Sinopec has the highest market capitalization, exceeding 100 billion yuan, while Fosai Technology has the lowest market capitalization, approximately 10 billion yuan.

The total loan amount of the first batch of listed companies exceeds 10 billion yuan. In addition to Weimai and Dongxin, a total of listed companies disclosed loan or credit lines, among which Muyuan's loan amount is the highest, reaching billion yuan, followed by Sinopec with a credit line of billion yuan, and COSCO Shipping Energy's loan amount is no more than . billion yuan, while Wens' borrowing amount does not exceed billion yuan. Additionally, listed companies such as China Merchants Port and COSCO Shipping Energy have loan or credit funds accounting for more than % of their market capitalization.

From the perspective of performance and recent stock price performance, among the aforementioned listed companies, only Dongxin Co., Ltd. reported a loss in the first half of the year, while the remaining companies all achieved profitability, with over 60% realizing a year-on-year positive growth in net profit attributable to the parent company. In terms of stock price performance, since the beginning of the month, among the aforementioned listed companies, except for COSCO Shipping Energy Transportation, which experienced a slight cumulative decline of 0.16%, all other listed companies have seen varying degrees of increase, including Dongxin Co., Ltd., Weimais, and several other listed companies with cumulative increases exceeding 20%.

The banks participating in this special loan business include the Big Four state-owned banks (Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, and China Construction Bank), as well as two joint-stock banks, China Merchants Bank and China CITIC Bank. According to the number of loan contracts signed and cooperation intentions reached, Bank of China has the most cooperative partners, totaling 家, followed by China Merchants Bank with 家, China Construction Bank with 家, and both Industrial and Commercial Bank of China and China CITIC Bank with 家 each, while Agricultural Bank of China has 家.

Among them, Wens Foodstuffs Group Co., Ltd. stated that the company has signed a "Working Capital Loan Contract" with an authorized branch of the Agricultural Bank of China. Additionally, the company has also received a "Loan Commitment Letter" issued by an authorized branch of the Bank of China. According to the notice issued by the "one bank, one bureau, one commission" regarding the establishment of matters related to stock buyback and增持再贷款, it is required to strictly determine loan conditions. National financial institutions are allowed to issue loans for stock buyback and增持, and make independent decisions on whether to issue loans, reasonably determine loan conditions, bear risks themselves, and the loan interest rate generally should not exceed .%. Furthermore, it is required to strictly manage loan funds to ensure that the loan funds are "dedicated and closed-loop operation."

From the perspective of loan interest rates, the loan interest rates disclosed by the first batch of listed companies that received special loans are .%. A person from a joint-stock bank told First Financial Daily that a loan interest rate of .% is already relatively low, which can effectively enhance the enthusiasm of listed companies to repurchase and increase their shares, forming a favorable support for the capital market. To prevent credit funds from illegally entering the stock market or being misappropriated, listed companies and banks sign a "Loan Commitment Letter," which includes the requirement that loan funds be "dedicated and closed-loop operated," transferring the loan funds to a special securities account of the borrowing entity or a designated repurchase special account, specifically for the purpose of repurchasing listed companies' shares.