Hong Kong stock buyback wave, the total buyback amount exceeded HKD 200 billion within the year, with Tencent Holdings Limited leading the pack

In March this year, Tencent announced its plan to repurchase shares worth over HKD 100 billion by 2024, more than double the repurchase amount of HKD 49.4 billion in 2023. Since the implementation of this repurchase plan on May 17th, Tencent has made multiple moves, repurchasing a total of 157.7 million shares, with a repurchase amount of nearly HKD 60 billion, becoming a true "repurchase king" in the Hong Kong stock market. Looking at the historical data, Tencent Holdings has been increasing its repurchase efforts, with the repurchase amount reaching HKD 82.4 billion so far this year, surpassing the full-year repurchase amount in 2023. In the current Hong Kong stock market, stock repurchases have increasingly become a significant trend. According to Wind data, on September 16, 2024 alone, 32 Hong Kong-listed companies implemented stock repurchases, with 6 companies repurchasing amounts exceeding tens of millions of Hong Kong dollars. Since the beginning of this year, the total repurchase amount in the Hong Kong stock market has exceeded HKD 200 billion, surpassing the full years of 2022 and 2023