A total of 209 Hong Kong-listed companies have conducted repurchases this year.

The heat of Hong Kong stock buybacks continues to rise. Wind data shows that as of July 21st, a total of 209 Hong Kong-listed companies have repurchased 4.466 billion shares so far this year, with a repurchase amount exceeding HK$100 billion, and the number of listed companies participating in buybacks has increased by 9 compared to the previous year. In terms of the amount of buybacks, in addition to financial industry listed companies such as HSBC Holdings and AIA, internet technology giants such as Tencent Holdings and Kuaishou-W have also made large buybacks several times. Stock buybacks in the Hong Kong stock market are also a major source of incremental funds. As of July 22nd, the Hang Seng Index, Hang Seng China Enterprises Index, and Hang Seng Technology Index have all risen by more than 24% so far this year, leading major global markets. Analysts believe that company buybacks are an important positive signal that helps maintain company value. The overall future performance of Hong Kong stocks will be volatile upwards, with structural market movements as the main trend. In the global equity market, Hong Kong stocks are at relatively low levels in terms of absolute valuation.