No. of Recommendations: 5
Looks like about 19 days in a row that the A share price has been below the likely price of the buybacks on March 4, for at least part of the trading day. So I imagine they have been in the market buying, at least some.I assumed that the buyback that day was around the average price of the day, which was about $729500.
21 days at $200M per day, could be $4.2B in buybacks. $220M/day = $4.6B
Gemini says $41.16B traded over the last 21 trading days. I did not verify.
I doubt they bought back 10% of volume though. Safe Harbor rules might allow up to 25% of daily volume.
