Group 1 - Non-ferrous stocks are rising against the market trend, with China Hongqiao up 4.96% to HKD 25.4, Jiangxi Copper up 4.43% to HKD 25.46, China Aluminum up 3.49% to HKD 7.11, and Luoyang Molybdenum up 3.14% to HKD 12.49 [1] - Changjiang Securities reports that the net profit of the base metals sector is expected to grow by 27% year-on-year in the first half of 2025, with a net profit of CNY 37.644 billion in Q2 2025, reflecting a 14% year-on-year increase and a 15% quarter-on-quarter increase [1] - The growth in the first half of 2025 is attributed to a phase of upward resonance in the manufacturing sectors of China and the US, along with expectations of interest rate cuts by the Federal Reserve, which will elevate the price center of base metal commodities [1] Group 2 - CITIC Securities indicates that the significant underperformance of the US non-farm payroll data ahead of the Federal Reserve's meeting makes a rate cut announcement almost certain, with an 80% probability of three rate cuts within the year [2] - The prices of industrial metals are influenced by both financial and commodity attributes, with the Federal Reserve entering a rate-cutting cycle and global copper and aluminum inventories being relatively low [2] - The recovery of the Chinese economy, coupled with the demand growth driven by the renewable energy sector, is expected to improve the demand for copper and aluminum [2]

Summary of Key Points Core Viewpoint - Multiple companies, including Tencent Holdings and Hang Seng Bank, conducted share buybacks on September 10, 2025, with Tencent leading in both the number of shares repurchased and the total amount spent [1]. Company-Specific Summaries - **Tencent Holdings (00700)**: - Repurchased 866,000 shares for a total of 550 million [2]. - Year-to-date total repurchased shares reached 53.884 million, accounting for 0.586% of total shares [2]. - **Hang Seng Bank (00011)**: - Repurchased 210,000 shares for a total of 24.8171 million [2]. - Year-to-date total repurchased shares reached 5.91 million, accounting for 0.314% of total shares [2]. - **China Hongqiao (01378)**: - Repurchased 980,000 shares for a total of 23.7363 million [2]. - Year-to-date total repurchased shares reached 149 million, accounting for 1.590% of total shares [2]. - **MGM China (02282)**: - Repurchased 1 million shares for a total of 16.0869 million [2]. - Year-to-date total repurchased shares reached 17.6274 million, accounting for 0.464% of total shares [2]. - **COSCO Shipping (02039)**: - Repurchased 742,900 shares for a total of 5.9284 million [2]. - Year-to-date total repurchased shares reached 11.2407 million, accounting for 0.360% of total shares [2]. - **Coolpad Group (02369)**: - Repurchased 1,036,000 shares for a total of 1.3156 million [2]. - Year-to-date total repurchased shares reached 11.595 million, accounting for 2.831% of total shares [2]. - **Other Notable Companies**: - Various companies such as Weigao Group, Mengniu Dairy, and others also participated in share buybacks, with amounts and shares varying significantly [2].

Group 1 - The company China Hongqiao (01378) announced a share buyback plan [1] - The company will spend HKD 23.736 million to repurchase 980,000 shares [1]

Group 1 - The company China Hongqiao (01378.HK) announced a share buyback plan [1] - The buyback will occur on September 10, 2025, at a total cost of HKD 23.7363 million [1] - A total of 980,000 shares will be repurchased at a price range of HKD 23.88 to HKD 24.4 per share [1]

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 | 1). | 股份購回 – 於2025年9月1日購回，但尚未註銷之股份 | | 15,275,500 | 0.16 % | HKD | 25.66 | | --- | --- | --- | --- | --- | --- | --- | | | 變動日期 | 2025年9月1日 | | | | | | 2). | 股份購回 – 於2025年9月2日購回，但尚未註銷之股份 | | 36,650,000 | 0.38 % | HKD | 25.694 | | | 變動日期 | 2025年9月2日 | | | | | | 3). | 股份購回 – 於2025年9月3日購回，但尚未註銷之股份 | | 451,500 | 0.005 % | HKD | 24.9676 | | | 變動日期 | 2025年9月3日 | | | | | | 4). | 股份購回 – 於2025年9月4日購回，但尚未註銷之股份 | | 3,496,000 | 0.04 % | HKD | 23.9 ...

Core Viewpoint - China Hongqiao (01378) announced a share buyback plan, intending to repurchase 1.244 million shares for a total cost of HKD 30.092 million [1] Group 1 - The company plans to execute the buyback on September 9, 2025 [1] - The total number of shares to be repurchased is 1.244 million [1] - The total expenditure for the buyback is HKD 30.092 million [1]

Group 1 - The company China Hongqiao (01378) announced a share buyback plan [1] - The company will spend HKD 30.092 million to repurchase 1.244 million shares [1]

Core Viewpoint - China Hongqiao (01378.HK) announced a share buyback on September 9, 2025, spending HKD 30.0924 million to repurchase 1.244 million shares at a price range of HKD 23.78 to 24.7 per share [1] Summary by Category - **Company Actions** - The company executed a buyback of 1.244 million shares at a total cost of HKD 30.0924 million [1] - The buyback price per share ranged from HKD 23.78 to 24.7 [1] - **Financial Implications** - The total expenditure for the buyback indicates a strategic move to enhance shareholder value [1] - The share price range suggests the company is actively managing its stock performance in the market [1]

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 中國宏橋集團有限公司 呈交日期： 2025年9月10日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 不適用 | | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 01378 | 說明 | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | | 庫存股份變動 | | | | | 事件 | 已發行股份（不包括庫存股份）數 目 | | 佔有關 ...

Core Viewpoint - China Hongqiao (01378) announced a share buyback plan, intending to repurchase 1.1 million shares for a total cost of HKD 27.2155 million [1] Group 1 - The company plans to execute the buyback on September 8, 2025 [1] - The total amount allocated for the buyback is approximately HKD 27.2155 million [1] - The number of shares targeted for repurchase is 1.1 million [1]