智通财经APP讯，腾讯控股(00700)发布公告，于2025年12月29日该公司斥资6.36亿港元回购105.7万股， 回购价格为每股596-611港元。 ...

| 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) | 00700 | 說明 | | | | | | | | 多櫃檯證券代號 | 80700 | RMB 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 | 佔有關事件前的現有已發 行股份（不包括庫存股 份）數目百分比 (註3) | 庫存股份數目 | 每股發行/出售價 (註4) | | 已發行股份總數 | | 於下列日期開始時的結存(註1) | 2025年12月24日 | | 9,130,657,480 | | 0 | | | 9,130,657,480 | | 1). 就根據股份計劃授予參與人（發行人的董事除外）的股份獎勵或 ...

Core Insights - The third-party payment industry in 2025 is witnessing a significant concentration of capital and licenses among leading players, while smaller institutions are exiting the market due to regulatory pressures and operational challenges [1][3][4] Regulatory Environment - The regulatory landscape has intensified, with over 75 fines totaling more than 200 million yuan issued in 2025, primarily for anti-money laundering, reserve fund management, and merchant oversight violations [5][6] - The implementation of the Non-Bank Payment Institutions Supervision and Management Regulations has raised the minimum registered capital requirement to 10 million yuan, leading to a substantial increase in compliance costs and a higher barrier to entry for new players [2][3] Industry Dynamics - The industry is experiencing a "dual differentiation" where capital and licenses are increasingly concentrated among top-tier institutions, while smaller players struggle to maintain their market presence [3][4] - Major players like Tencent's Tenpay have significantly increased their registered capital, from 1 billion yuan to 15.3 billion yuan, indicating a strategic move to solidify their market position [2] Compliance and Competition - Compliance has become a competitive advantage, with institutions focusing on proactive risk management and integrating compliance into their operational frameworks [7][8] - The shift from "reactive punishment" to "full-cycle control" emphasizes the need for institutions to adopt a more rigorous approach to compliance [6][7] International Expansion - Many payment institutions are exploring international markets, with companies like LianLian Digital and CoGoLinks making significant strides in overseas operations [8][9] - The focus on "payment+" solutions that cater to digital merchant needs is becoming a key strategy for growth in international markets [8][10] - Emerging markets such as Southeast Asia and Africa are identified as areas with substantial growth potential, necessitating localized strategies and partnerships with local financial entities [10][11]

Group 1 - Tencent Holdings (00700) announced a share buyback plan, intending to repurchase approximately 1.056 million shares at a cost of about HKD 636 million on December 24, 2025 [2][4]

Group 1 - The core point of the article is that Tencent Holdings announced a share buyback plan, intending to repurchase 1.056 million shares at a cost of HKD 636 million [1] - The buyback is scheduled for December 24, 2025, with the repurchase price ranging between HKD 598 and HKD 604 per share [1]

Group 1 - Tencent Holdings (00700) announced a share repurchase plan, intending to spend approximately HKD 636 million to buy back 1.056 million shares by December 24, 2025 [1]

Group 1 - The company Tencent Holdings (00700) announced a share buyback plan, intending to repurchase approximately 1.056 million shares at a cost of about HKD 636 million [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： 騰訊控股有限公司 呈交日期： 2025年12月24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) | 00700 | 說明 | | | | | | | | 多櫃檯證券代號 | 80700 | RMB 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） ...

Summary of Key Points Core Viewpoint - On December 23, 58 Hong Kong-listed companies conducted share buybacks, totaling 31.44 million shares and an aggregate amount of HKD 1.159 billion [1][2]. Group 1: Major Companies Involved in Buybacks - Tencent Holdings repurchased 1.051 million shares for HKD 636.36 million, with a year-to-date total buyback amount of HKD 77.494 billion [1][2]. - Kuaishou-W bought back 2.718 million shares for HKD 174.40 million, with a year-to-date total of HKD 3.018 billion [1][2]. - Xiaomi Group-W repurchased 3.750 million shares for HKD 147.03 million, with a year-to-date total of HKD 5.837 billion [1][2]. Group 2: Buyback Amounts and Quantities - The highest buyback amount on December 23 was from Tencent Holdings at HKD 636.36 million, followed by Kuaishou-W at HKD 174.40 million [1][2]. - In terms of buyback quantity, China COSCO Shipping Holdings led with 4.7215 million shares, followed by First Travel Holdings and Xiaomi Group-W with 4.450 million and 3.750 million shares, respectively [1][2]. Group 3: Additional Companies and Their Buybacks - Other notable companies included Geely Automobile with a buyback of 1.584 million shares for HKD 26.86 million, and Kingsoft with 0.7084 million shares for HKD 19.99 million [2][3]. - The buyback activities reflect a trend among companies to utilize excess cash for share repurchases, indicating confidence in their long-term value [1][2].

Summary of Key Points Core Viewpoint - Tencent Holdings has been actively repurchasing its shares, with a total of 26 consecutive days of buybacks since November 18, amounting to 27.036 million shares and a total expenditure of 16.529 billion HKD. The stock price has seen a decline of 5.42% during this period [2]. Group 1: Share Buyback Details - On December 23, Tencent repurchased 1.051 million shares at prices ranging from 602.500 HKD to 613.500 HKD, totaling 63.583 million HKD [2]. - The stock closed at 602.000 HKD on the same day, reflecting a decrease of 2.03% with a total trading volume of 9.448 billion HKD [2]. - Year-to-date, Tencent has conducted 126 buybacks, acquiring a total of 14.9 million shares for a cumulative amount of 77.494 billion HKD [2]. Group 2: Historical Buyback Data - The buyback activity includes various dates with specific details on the number of shares repurchased, highest and lowest prices, and total amounts spent. For example, on December 22, 103.5 thousand shares were bought back at a maximum price of 620.000 HKD, totaling 63.558 million HKD [3]. - The buyback prices have varied, with the highest recorded price being 640.500 HKD on November 18, and the lowest being 490.000 HKD on June 2 [5]. - The buyback strategy appears to be a response to the stock's performance, as the cumulative decline in share price during the buyback period has been noted [2].