Group 1 - The core point of the article is that Lianyi Rong Technology-W (9959.HK) experienced a significant stock price increase, reaching a new high since March 8, 2023, with a year-to-date gain of 99.4% [1] - The company announced a share buyback of 2.22 million shares for a total cost of HKD 6.986 million on September 16 [1] - Since September, Lianyi Rong Technology has repurchased approximately 17.61 million shares over 10 trading days, indicating strong confidence in its stock price and long-term development [1] Group 2 - The stock closed at HKD 3.35, with a trading volume of 49.71 million shares and a market capitalization of HKD 7.157 billion [1] - The recent buyback plan reflects the company's commitment to enhancing shareholder value and confidence in its future prospects [1]

Core Insights - The supply chain finance market has shown a declining trend in both investment and financing activities from 2014 to 2025, with a peak financing amount of 38 billion yuan in 2018, reflecting the rapid development of the supply chain industry and its funding needs [1][2] - The average single investment amount in supply chain finance has mostly remained between 100 million to 200 million yuan from 2014 to 2025, with notable spikes in 2018, 2020, and 2022 due to specific policy supports and economic measures [2][9] - The investment landscape is shifting towards more cautious capital market behavior, with average single investment amounts expected to drop to the million yuan level starting in 2024 [2] Investment Trends - The number of financing events in the supply chain finance sector peaked in 2016 with 113 events, but has since decreased, with only 8 events recorded in both 2023 and 2024 [1] - In the first half of 2025, the total investment amount further decreased to 230 million yuan, indicating a continued contraction in the market [1] - B-round and strategic financing rounds are the most common, each accounting for 23% of the total financing rounds from 2021 to 2025, indicating a trend towards maturity and stability in financing needs [9] Geographic Focus - Investment in the supply chain finance sector is primarily concentrated in Shanghai (33%), followed by Beijing (16%), and both Guangdong and Zhejiang (15%) [12][14] - These regions are characterized by their economic development, numerous enterprises, and well-established industrial chains, facilitating frequent flows of capital, goods, and information [12] Investment Entities - Private equity and venture capital (PE/VC) firms dominate the investment landscape, accounting for 62% of total investments, while corporate investors make up 24% [11] - The presence of local government-backed funds is also notable, with government investments comprising around 4% of the total [11] Mergers and Acquisitions - The supply chain finance industry is experiencing a trend towards horizontal mergers, with most transactions involving the acquisition of over 50% equity in smaller firms, reflecting a move towards industry standardization [18] - The primary motivations for mergers and acquisitions include business expansion and capital appreciation, with a focus on enhancing service quality and regulatory compliance [18]

日期 回购股数 （万港元） 2025.09.16 222.00 3.300 3.080 698.59 2025.09.15 225.00 3.310 3.210 730.08 2025.09.12 169.90 3.260 3.210 552.25 2025.09.11 66.65 3.160 3.090 209.90 2025.09.08 53.30 2.910 2.850 153.60 2025.09.05 130.10 2.850 2.790 369.46 2025.09.04 353.00 2.830 2.720 977.71 2025.09.03 150.45 2.810 2.750 422.01 2025.09.02 367.00 2.720 2.620 983.90 2025.09.01 23.35 2.610 2.570 60.52 2025.04.07 47.00 1.050 1.030 49.01 2025.03.31 57.60 1.410 1.350 79.22 证券时报•数据宝统计，联易融科技-W在港交所公告显示，9月16日以每股3.080港元至3.300港元的价格 回购222.00 ...

格隆汇9月16日丨联易融科技-W(09959.HK)公告，9月16日耗资698.6万港元回购222万股。 ...

联易融科技-W(09959)发布公告，于2025年9月16日斥资698.59万港元回购222万股。 ...

智通财经APP讯，联易融科技-W(09959)发布公告，于2025年9月16日斥资698.59万港元回购222万股。 ...

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： 聯易融科技集團（於開曼群島註冊成立以不同投票權控制的有限公司) | 3). 其他 (請註明) | | % | | --- | --- | --- | | 參見Part B | | | | 變動日期 | 2025年9月3日 | | | 4). 其他 (請註明) | | % | | 參見Part B | | | | 變動日期 | 2025年9月4日 | | | 5). 其他 (請註明) | | % | | 參見Part B | | | | 變動日期 | 2025年9月5日 | | | 6). 其他 (請註明) | | % | | 參見Part B | | | | 變動日期 | 2025年9月8日 | | | 7). 其他 (請註明) | | % | | 參見Part B | | | | 變動日期 | 2025年9月11日 | | | 8). 其他 (請註明) | | % | | 參見Part B | | | | 變動日期 | 2025年9月12日 | | | 9 ...

腾讯控股回购数量85.60万股，回购金额5.51亿港元，回购最高价为648.000港元，最低价为637.500港 元，年内累计回购金额516.06亿港元；恒生银行回购数量20.00万股，回购金额2384.98万港元，回购最 高价为119.600港元，最低价为118.700港元，年内累计回购金额7.45亿港元；美高梅中国回购数量100.00 万股，回购金额1572.00万港元，回购最高价为15.960港元，最低价为15.570港元，年内累计回购金额 3.27亿港元。 （文章来源：证券时报网） 以金额进行统计，9月15日回购金额最多的是腾讯控股，回购金额为5.51亿港元；其次是恒生银行，回 购金额为2384.98万港元；回购金额居前的还有美高梅中国、联易融科技-W等。回购数量上看，9月15 日回购股数最多的是酷派集团，当日回购量为352.80万股；其次是联易融科技-W、太平洋航运等，回 购数量分别为225.00万股、193.40万股。 | 代码 | 简称 | 回购股数 | 回购金额（万 | 回购最高价 | 回购最低价 | 年内累计回购金额 | | --- | --- | --- | --- | --- | --- ...

格隆汇9月15日丨联易融科技-W(09959.HK)公告，9月15日耗资730.1万港元回购225万股。 ...

联易融科技-W(09959)发布公告，于2025年9月15日该公司斥资730.08万港元回购225万股，回购价格为 每股3.21-3.31港元。 ...