港股市场回购统计周报：2025.9.22-2025.9.28-20250930

Group 1: Market Overview - The total repurchase amount for the week was HKD 4.84 billion, a significant increase from HKD 3.89 billion the previous week[12] - The number of companies conducting repurchases remained stable at 52 compared to the previous week[12] - Tencent Holdings (0700.HK) led the repurchase with an amount of HKD 2.75 billion[12] Group 2: Top Companies by Repurchase Amount - Tencent Holdings (0700.HK) repurchased HKD 275,193.21 million, accounting for 0.05% of its total share capital[11] - Anta Sports (2020.HK) repurchased HKD 68,708.48 million, representing 0.26% of its total share capital[11] - HSBC Holdings (0005.HK) repurchased HKD 63,882.37 million, which is 0.03% of its total share capital[11] Group 3: Industry Distribution - The majority of repurchase amounts were concentrated in the Information Technology, Consumer Discretionary, and Financial sectors[15] - The Information Technology and Healthcare sectors had the highest number of companies initiating repurchases, with 12 companies each[15] - The Consumer Discretionary sector ranked second with 8 companies participating in repurchases[15] Group 4: Significance of Share Buybacks - Share buybacks are defined as companies using liquid cash to repurchase a certain amount of their outstanding shares from the secondary market[24] - Large-scale buyback waves often occur during bear markets, indicating that companies believe their stock prices are undervalued[24] - Historical data shows that the Hong Kong market has experienced five waves of buyback trends since 2008, all occurring during bear markets followed by subsequent rallies[24]