It has been learned that to further increase policy support and facilitate participant operations, the financial management department has recently adjusted and optimized the policies related to the implementation of Share Buyback and Shareholding re-lending. To address the significant pressure on own funds matching reported by listed companies and major shareholders, the financial management department has reduced the minimum own funds ratio required for applying for Share Buyback loans to 10%, meaning Financial Institutions can support up to 90% of the actual amount of Share Buyback Shareholding, lowering the participation threshold and alleviating borrowers' capital pressure. Additionally, the financial management department will extend the loan term. Currently, Financial Institutions can issue Share Buyback Shareholding loans for up to 3 years, which basically matches the time frame for listed companies and major shareholders in their Share Buyback and Shareholding. Furthermore, regarding the risk control requirements for Share Buyback Shareholding loans, the financial management department allows listed companies and major shareholders to pledge their Other held stocks, further reducing the difficulty and cost for market entities to obtain loans, and Financial Institutions may independently decide on the loan conditions and guarantee requirements. Simultaneously, the policy explicitly encourages issuing Share Buyback Shareholding loans on a credit basis. Industry insiders have revealed that by the end of December, Financial Institutions had reached cooperation intentions with over 700 listed companies and major shareholders, among which more than 200 have announced plans to apply for loan limits exceeding 50 billion yuan, with more than 60% of the loans intended for buyback, and the loans priced on a preferential interest rate principle, with the average interest rate around 2%.