TENCENT(HK:00700) Mei Ri Jing Ji Xin Wen·2025-03-28 06:24Group 1 - The Hong Kong stock market experienced a decline, with the Hang Seng Technology Index dropping over 2% in the afternoon session, reflecting a general downturn in tech stocks and a rebound in gold stocks [1] - Tencent Holdings announced a share buyback plan for 2025, with an expected scale of at least HKD 80 billion, and a cash dividend increase of 32% to approximately HKD 41 billion, indicating a total shareholder return of at least HKD 121 billion for 2025 [1] - Since March 24, Tencent has resumed its share buyback program, executing buybacks for four consecutive trading days, with daily amounts exceeding HKD 500 million, marking the beginning of a new buyback cycle [1] Group 2 - Southbound capital has seen a net inflow of nearly HKD 430 billion this year, highlighting the interest in Hong Kong tech companies [2] - The Hang Seng Technology Index ETF includes 30 leading Hong Kong tech companies, focusing on the AI industry chain, with major players like Alibaba, Tencent, Xiaomi, Meituan, and SMIC expected to be part of China's tech "seven giants" [2] - The Hang Seng Technology Index is seen as a representation of China's core AI assets, with long-term high growth potential [2]