Group 1 - The Hong Kong stock market is experiencing a surge in share buybacks at the beginning of 2026, with numerous companies signaling positive market sentiment [1] - As of January 5, 2026, 45 Hong Kong companies have disclosed buyback activities, with three companies repurchasing over 10 million HKD [1] - Major sectors involved in the buybacks include property services, internet, and pharmaceuticals, featuring leading companies such as Tencent, Geely, and Country Garden Services [1] Group 2 - Tencent has repurchased shares for two consecutive trading days in 2026, spending approximately 1.271 billion HKD to buy back 2.047 million shares [1] - In 2025, Tencent conducted 130 buybacks totaling 1.53 million shares and over 80 billion HKD, maintaining its position as the "buyback king" in Hong Kong for four consecutive years [1] - Geely has spent 60.3147 million HKD to repurchase 3.42 million shares, with a total buyback plan of 2.3 billion HKD announced previously [1] Group 3 - First Journey Holdings has continued its buyback efforts in 2026, spending approximately 19.9915 million HKD to repurchase about 9.182 million shares [2] - The company has a buyback plan in place to repurchase up to 1 billion HKD worth of shares from November 17, 2025, to December 31, 2028, aiming to enhance long-term value and shareholder returns [2] - Several property service companies, including Country Garden Services and Greentown Services, have actively supported their stock prices through buybacks [2] Group 4 - On December 31, 2025, Weibo announced a share buyback plan authorized for up to 200 million USD within the next 12 months [3] - Cloudtrace has also announced a buyback plan for H-shares, with a maximum amount not exceeding 100 million HKD, with the repurchased shares to be either canceled or held as treasury shares [3]