【西街观察】增持回购潮背后的A股信心

Group 1 - The core viewpoint is that the recent wave of share buybacks and major shareholder increases among listed companies reflects strong market confidence and indicates a stable development trend in the A-share market, despite short-term fluctuations [1][2] - Companies like Huida Technology and Xiangyuan Cultural Tourism have initiated new buyback plans, while major shareholders, such as the chairman of Longi Green Energy, have completed their increase plans, showcasing a commitment to market stability [1] - The investment value recognition of A-shares has been increasing this year, with a focus on technology assets and high-quality core assets, leading to a resurgence in the market towards the 4000-point level [1] Group 2 - In the first three quarters of this year, A-share listed companies reported a revenue growth of approximately 1% year-on-year and a net profit growth of about 6%, indicating a stable financial performance [2] - The recent buyback and increase wave is closely linked to supportive policies, such as extending the maximum loan term for stock buybacks from 1 year to 3 years and reducing the self-funding ratio requirement for buybacks from 30% to 10% [2] - The increase in cancellation-type buybacks this year highlights a greater emphasis on shareholder returns, particularly during market volatility, which enhances stock price support and boosts market confidence [2]