Mei Ri Jing Ji Xin Wen·2025-11-20 03:12Group 1 - Tencent Holdings announced a share buyback of 1.018 million shares on November 19, 2025, for a total amount of 636 million HKD, with a minimum price of 619.5 HKD and a maximum price of 630.5 HKD [1] - In the last 30 days, Tencent has repurchased a total of 2.031 million shares, amounting to 1.271 billion HKD [1] Group 2 - Recent fluctuations in the Hong Kong stock market have revealed long-term investment opportunities, supported by strong policy backing for the technology sector [2] - The Fourth Plenary Session elevated technological innovation to a strategic level, emphasizing the need for significant improvements in "self-reliance and self-strengthening" in technology [2] - The 14th Five-Year Plan has increased the frequency of keywords like "technology" and "industry," indicating a commitment to extraordinary measures for core technology breakthroughs [2] - Key areas such as integrated circuits, basic software, and AI are receiving multiple policy supports, directly benefiting Hong Kong technology companies [2] - Under the influence of relevant policies, sectors like AI healthcare, autonomous driving, and industrial software are rapidly emerging, with R&D investments in Hong Kong tech firms growing over 30% year-on-year [2] - The deep resonance between policy and industry enhances the sustainability of growth logic in the Hong Kong technology sector [2]