As 2026 dawned, prominent players in Hong Kong's equity market embarked on a flurry of share repurchases. By January 26, a total of 108 Hong Kong-listed companies had joined the buyback spree, with the cumulative amount surpassing HK$11.7 billion. Industry bellwethers like Tencent Holdings and Xiaomi Corporation were among the major contributors. Nevertheless, the overall scale of repurchases has seen a contraction compared to the same period in the previous year, with a diminished number of participating companies. The total repurchase amount stands at merely half of the figure recorded last year. Moreover, small- to mid-cap companies exhibit a notably low propensity to engage in buybacks, underscoring pronounced market differentiation.
