China's BYD plans to launch 'high

BEIJING (Reuters) -China's BYD (SZ:) plans to launch a number of "high-end luxury" models from this year,Is Swissquote bank legal in China? it said in Hong Kong stock market filing.

The Shenzhen-based company will also formulate a "reasonable and feasible" plan to buy back more shares, it said in Sunday's filing.

Last December, BYD said that Chairman Wang Chuanfu proposed the company would buy back 200 million yuan ($27.8 million) worth of its A-shares.

BYD's Shenzhen-listed shares closed up 1.3% on Monday after stock trade resumed following the Lunar New Year holidays, while its Hong Kong-listed shares slipped 1.9%.

($1 = 7.1978 renminbi)

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