This year, the number of "cancellation-based repurchases" significantly increased in the Huaan CSI All Share Investment Banking & sector. A series of "cancellation-based repurchase" actions by Brokerages not only directly enhanced Shareholder returns but also demonstrated the good Operation situations and ample capital strength of various companies, boosting investor confidence. Regarding this phenomenon of Brokerages actively implementing share buybacks, Professor Zheng Zhigang from the Finance Faculty of Renmin University of China stated: "Brokerages actively implementing share buybacks is beneficial for directly enhancing Shareholder returns while showcasing stable Operation and sufficient funds to the market, effectively boosting investor confidence. In particular, 'cancellation-based repurchase' is conducive to further optimizing the company's capital structure and effectively promoting the long-term healthy development of the company. It is expected that with policy encouragement, more listed companies are likely to adopt share buybacks followed by cancellations to effectively manage Market Cap in the future." (Securities Daily)