On November 3rd, Yum China rebounded today, rising 2.86% to HKD 360. Yum China has announced that its board of directors has approved an increase of $1 billion in stock repurchase authorization, resulting in a total of $3.4 billion in stock repurchase authorization obtained by the company. Between 2017 and November 1, 2023, the company repurchased approximately 36 million shares of common stock for a total price of $1.6 billion. After the increase in the authorized repurchase limit, the company has a total of approximately $1.8 billion in repurchase authorization available for future stock repurchases.