Zhong Guo Jin Rong Xin Xi Wang·2025-08-26 23:51Summary of Key Points Core Viewpoint - In July 2025, Hong Kong stock market saw a significant decline in share buybacks, with 73 companies repurchasing a total of 8.08 billion shares for a total amount of 100.35 billion HKD, representing a 67.13% decrease compared to 305.29 billion HKD in the same period last year [1][3]. Company-Specific Insights - Notable companies that initiated or increased their buyback efforts in July include China Aluminum Can, Midea Group, Vitasoy International, and Shoucheng Holdings [1][3]. - Tencent Holdings, AIA Group, and HSBC Holdings were among the top companies in terms of buyback amounts during July [3]. - Vitasoy International significantly increased its buyback activity in July, repurchasing shares worth 113 million HKD, totaling 12.28 million shares [5]. - Shoucheng Holdings also ramped up its buyback efforts, with a total of 72.36 million HKD spent on repurchasing 39.75 million shares in July [5]. - China Aluminum Can conducted its first buyback of the year in July, spending 29.89 million HKD to repurchase 3.76 million shares [6]. Industry Trends - The companies initiating buybacks in July were primarily concentrated in the software services and food & beverage sectors [2][7]. - The software services industry led in both the total buyback amount and the number of companies participating, with a total buyback amount of 36.16 billion HKD and 10 companies involved [7]. - The food & beverage sector also had a significant number of companies engaging in buybacks, with notable participants including Yanzhiyu and China Feihe [11].