This year, the trend of share repurchases in Hong Kong has intensified. As of July 11, a total of 238 listed companies have repurchased shares amounting to nearly HK$180 billion, marking an annual increase in both the number of repurchasing companies and the volume of shares bought back. Beyond financial enterprises, leading internet technology companies like Tencent and Alibaba have also engaged in multiple large-scale repurchases, with amounts exceeding HK$10 billion. These repurchases are aimed at enhancing shareholder returns, stabilizing share prices, and bolstering investor confidence.