前7个月港股回购超1000亿港元 腾讯回购400亿港元位居榜首

Core Viewpoint - The Hong Kong stock market has seen a significant increase in share buybacks in 2023, indicating that companies are taking advantage of historically low valuations and improving their capital structures [1][2]. Group 1: Buyback Trends - From January 1 to July 31, 2023, 212 Hong Kong-listed companies repurchased a total of 4.611 billion shares, amounting to HKD 104.7 billion [1]. - The healthcare, consumer discretionary, and information technology sectors have the highest number of companies participating in buybacks, reflecting a broadening of market confidence [1]. - Tencent Holdings led the buyback activity with a total repurchase amount of HKD 40.043 billion, accounting for 38.25% of the total buyback value in the market [2]. Group 2: Tencent Holdings Buyback Details - Tencent has consistently increased its buyback amounts over the years, with HKD 25.99 billion in 2021, HKD 337.94 billion in 2022, and HKD 494.33 billion in 2023 [3]. - In the first seven months of 2023, Tencent repurchased 8.884 million shares, with an average daily buyback amount exceeding HKD 600 million [2][3]. - The monthly buyback amounts exceeded HKD 10 billion in five months, with the highest in June at HKD 20.834 billion [3]. Group 3: Market Outlook - The Hong Kong Stock Exchange's upcoming reform in June 2024 will allow companies to hold repurchased shares as treasury stock, which is expected to enhance buyback activity and efficiency [3]. - The total buyback amount for the second half of 2023 is projected to remain around HKD 100 billion, similar to the first half [3].