Since the establishment of stock repurchase and shareholding refinancing by the central bank on October 18, listed companies have successively disclosed the situation of companies and shareholders obtaining repurchase and shareholding loans. According to Wind data statistics, as of December 2, 173 listed companies have disclosed 180 repurchase and shareholding loan announcements, with a total upper limit loan amount of 38.62 billion yuan, accounting for 12.87% of the initial quota. Market participants believe that repurchase and shareholding loans have effectively boosted confidence in the capital markets. Tian Lihui, Dean of Nankai University's Institute of Financial Development, stated in an interview with reporters that stock repurchase and shareholding loans provide listed companies and major shareholders with a low-cost source of funding, reducing financing costs, enhancing the ability and motivation of high-quality companies to repurchase and increase shareholdings. At the same time, the repurchase and shareholding by listed companies or shareholders help increase market liquidity, strengthen investor confidence in companies and the market, stabilize stock prices and market sentiment, and promote the long-term stable development of the A-share market. (Securities Daily)