As of June 3rd, 167 Hong Kong stocks have implemented buybacks this year, with a total buyback amount of HKD 90.591 billion, a year-on-year increase of 175.12%. In the same period last year, a total of 99 Hong Kong stocks implemented buybacks with a total amount of HKD 32.928 billion. Data shows that Tencent, HSBC Holdings, AIA, Meituan-W and Dongyue Group ranked in the top five repurchasing amounts, reaching HKD 34.294 billion, HKD 16.322 billion, HKD 9.867 billion, HKD 6.774 billion, and HKD 3.699 billion respectively. As of the close of trading on June 3rd, over 60% of the Hong Kong stocks that implemented buybacks were trading at higher prices than the buyback average. Recently, many Hong Kong new economy companies have launched large-scale buyback plans. Industry insiders believe that large-scale and sustainable buybacks must be supported by ample free cash flow, stable and good revenue, and relatively mature business development. (Shanghai Securities News)
超六成公司成功“抄底”，今年以来港股回购额超900亿港元
More than 60% of companies have successfully 'bought the dip,' with Hong Kong stock buybacks exceeding HKD 90 billion since the beginning of the year.
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