Over 150 Billion Yuan on the Line Chinese Chemical Giants Launch Massive Buybacks Amid Market Turmoil

As global markets tremble under the weight of escalating U.S. tariffs, China’s chemical giants are pushing back with bold financial moves. April 7 marked a “Black Monday” for Chinese equities, with A-shares experiencing a significant dip. However, April 8 brought a wave of investor confidence, as leading companies announced aggressive stock repurchase and buyback plans totaling over 150 billion yuan.

In a powerful show of commitment, China National Petroleum Corporation (CNPC) revealed its intent to increase its stake in PetroChina A and H shares, investing between 28 and 56 billion yuan over the next 12 months. Sinopec Group followed suit with a fresh 12-month buy-in plan, aiming to inject 20 to 30 billion yuan into its A and H shares.

China National Offshore Oil Corporation (CNOOC) also joined the charge, committing to a 20 to 40 billion yuan investment in both A-shares and Hong Kong-listed stocks.

Beyond the oil majors, private sector players are stepping up. Rongsheng Petrochemical pledged to inject 10 to 20 billion yuan, while Hengli Petrochemical’s co-founder Chen Jianhua plans to acquire shares worth 5 to 10 billion yuan starting April 9.

In parallel, Wanhua Chemical’s chairman Liao Zengtai proposed a 3 to 5 billion yuan share buyback aimed at reducing registered capital and optimizing financial structure. Similarly, Hualu Hengsheng announced a 2 to 3 billion yuan capital reduction plan through repurchases.

Other moves include Juhua Group increasing its stake in Juhua Co., with plans to invest up to 1 billion yuan, and Sailun Tires’ backer Ruiyuan Dingshi Investment Co. unveiling a 5 to 10 billion yuan stock acquisition scheme.

These high-stakes announcements act as a confidence booster for the domestic market, signaling long-term optimism in China’s economic and industrial resilience, even as global headwinds persist.