STAR Composite Index rally

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042026-11PBOC cuts relending rate for stock buybacks, stake increases to 1%The People's Bank of China cut the relending rate for stock buybacks and stake increases by 0.25 percentage points to 1% on Nov 4, effective the same day. It is the second rate cut since the facility was created, aimed at lowering the financing costs for listed companies and shareholders conducting buybacks and stake increases. Major A-share indices rose notably on the day, with the STAR Composite Index up more than 9.6%. Attention now turns to how banks price and disburse the loans and how corporate loan demand shifts.kaopunews