On February 20th, Xiaomi Group embarked on a significant share repurchase initiative, acquiring 4.2824 million shares at a cost of HK$152 million. This move marked its 24th repurchase operation of the year. Coincidentally, on the same day, a total of 27 companies listed on the Hong Kong Stock Exchange, including industry giants Meituan and Zhihu, also disclosed their plans for share repurchases. As we progressed through the early months of 2024, the major indices of the Hong Kong stock market have demonstrated resilience amid fluctuations, culminating in a total repurchase amount that has exceeded HK$25.4 billion. Leading the pack in this buyback spree, Tencent Holdings has amassed repurchases totaling over HK$6.358 billion this year alone. Meanwhile, ZTO Express and Xiaomi Group have not been far behind, with their respective repurchases amounting to HK$4.103 billion and HK$3.532 billion.