港股市场回购统计周报 2025.11.17-2025.11.23 | 分析师： | 蒋开来 | | --- | --- | | 中央编号： | BWL381 | | 联系电话： | 852-6430 1060 | | 邮箱： | jiangkl@cnzsqh.hk | 1 目录 2 港股市场回购周统计数据 上市公司回购的意义与作用 港股市场回购周统计数据 3 港股市场回购周统计数据（2025.11.17-2025.11.23） 周回购数据总汇 | 证券代码 | 证券简称 | 期间回购金额 | 期间回购数量 | 回购数量占 | | --- | --- | --- | --- | --- | | | | (万港元) | (万股) | 总股本比例 | | 0700. HK | 腾讯控股 | 254. 295. 68 | 409.90 | 0. 04% | | 1810. HK | 小米集团-W | 81, 110. 90 | 2, 150. 00 | 0. 08% | | 9987. HK | 百胜中国 | 23. 392. 72 | 62.95 | 0. 17% | | 1919. HK | 中远海控 | 20, ...

Group 1: Weekly Buyback Statistics - Total buyback amount for the week was HKD 2.93 billion, a significant decrease from HKD 4.84 billion the previous week[10] - Number of companies participating in buybacks increased to 62 from 52 in the previous week[10] - Top buyback company was Xiaomi Group (1810.HK) with a buyback amount of HKD 1.18 billion, representing 0.09% of its total share capital[9][10] Group 2: Industry Distribution of Buybacks - Buyback amounts were primarily concentrated in the Information Technology and Financial sectors[13] - The highest number of buyback companies was in the Information Technology and Healthcare sectors, each with 16 companies participating[13] - Consumer Discretionary sector ranked second with 11 companies engaging in buybacks[13] Group 3: Notable Buyback Companies - HSBC Holdings (0005.HK) ranked second with a buyback amount of HKD 1.15 billion, accounting for 0.07% of its total share capital[9][10] - Kuaishou Technology (1024.HK) was third with a buyback amount of HKD 98.41 million, representing 0.03% of its total share capital[9][10] - Other notable companies included 首程控股 (0697.HK) and 联易融科技 (9959.HK) with buyback amounts of HKD 56.48 million and HKD 37.32 million respectively[14][15] Group 4: Market Implications - Large-scale buyback trends often occur during bear markets, indicating companies believe their stock prices are undervalued[24] - Historical data shows that buyback waves in the Hong Kong market since 2008 have been followed by subsequent price increases[24]

Group 1: Weekly Buyback Statistics - The total buyback amount for the week was HKD 3.07 billion, a significant decrease from HKD 4.84 billion the previous week[11] - A total of 48 companies conducted buybacks this week, showing a slight decline compared to last week[11] - Tencent Holdings (0700.HK) led the buybacks with an amount of HKD 2.20 billion, followed by HSBC Holdings (0005.HK) at HKD 0.32 billion[11] Group 2: Industry Distribution of Buybacks - The information technology sector had the highest number of companies initiating buybacks, totaling 11 firms[14] - Financial sector companies accounted for 6 buybacks, while industrial, consumer discretionary, and healthcare sectors each had 8 companies participating[14] - The majority of buyback amounts were concentrated in the information technology, financial, and consumer discretionary sectors[14] Group 3: Individual Company Buyback Data - Tencent Holdings (0700.HK) repurchased 329.80 million shares, representing 0.04% of its total share capital[15] - HSBC Holdings (0005.HK) bought back 295.68 million shares, which is 0.02% of its total share capital[15] - Anta Sports (2020.HK) repurchased 215.80 million shares, accounting for 0.08% of its total share capital[15] Group 4: Significance of Buybacks - Company buybacks are defined as the repurchase of shares from the secondary market using available cash[23] - Large-scale buyback trends typically occur during bear markets, signaling that companies believe their stock prices are undervalued[23] - Historical data indicates that buyback waves in the Hong Kong market since 2008 have often preceded subsequent price increases[23]

Group 1: Market Overview - The total repurchase amount for the week was HKD 4.71 billion, a significant increase from HKD 790 million the previous week[11] - The number of companies engaging in repurchases rose to 25, up from 17 the previous week[11] - Tencent Holdings (0700.HK) led the repurchase with an amount of HKD 2.75 billion[11] Group 2: Company-Specific Data - China Hongqiao (1378.HK) ranked second with a repurchase amount of HKD 756 million[11] - HSBC Holdings (0005.HK) was third with a repurchase of HKD 685 million[11] - The repurchase quantity for Tencent was 464.20 thousand shares, representing 0.05% of its total share capital[10] Group 3: Industry Insights - The information technology sector saw the highest concentration of repurchase amounts during this period[14] - The consumer discretionary sector had the most companies engaging in repurchases, totaling 8 firms[14] - Financial and healthcare sectors followed with 4 companies each participating in repurchases[14] Group 4: Historical Context - The Hong Kong market has experienced five waves of repurchase trends since 2008, typically occurring during bear markets[21] - These repurchase waves are often followed by subsequent market rallies, indicating a potential bullish signal[21]

Group 1: Market Overview - The total repurchase amount for the week was HKD 2.24 billion, a significant improvement from HKD 1.44 billion the previous week[12] - The number of companies repurchasing shares this week was 64, a slight decrease from 66 last week[12] - HSBC Holdings (0005.HK) led the repurchase with an amount of HKD 556.15 million[12] Group 2: Top Repurchasing Companies - The top three companies by repurchase amount were HSBC Holdings (0005.HK) at HKD 556.15 million, China Hongqiao (1378.HK) at HKD 521.97 million, and AIA Group (1299.HK) at HKD 398.19 million[12] - China Hongqiao's repurchase accounted for 0.40% of its total share capital, while AIA Group's accounted for 0.06%[11] Group 3: Industry Distribution - The repurchase amounts were primarily concentrated in the financial, industrial, and materials sectors, driven by major repurchases from HSBC, AIA, and China Hongqiao[15] - The information technology sector had the highest number of repurchasing companies, with 14 firms participating[15]

Group 1: Market Overview - The total repurchase amount for the week was HKD 1.44 billion, a decrease from HKD 1.53 billion the previous week[9] - The number of companies repurchasing shares increased to 66 from 62 in the previous week[9] - The top three companies by repurchase amount were AIA (1299.HK) at HKD 575.81 million, China Hongqiao (1378.HK) at HKD 304.73 million, and COSCO Shipping Holdings (1919.HK) at HKD 162.60 million[9] Group 2: Industry Distribution - The repurchase amounts were primarily concentrated in the financial, industrial, and materials sectors, driven by significant repurchases from AIA, China Hongqiao, and COSCO Shipping[12] - The information technology and healthcare sectors had the highest number of companies initiating repurchases, with 13 companies each[12] - The industrial sector followed with 10 companies, while the consumer discretionary sector had 9 companies participating in repurchases[12] Group 3: Company-Specific Data - AIA (1299.HK) accounted for 0.10% of its total share capital with a repurchase of 1,031.02 thousand shares[8] - China Hongqiao (1378.HK) represented 0.23% of its total share capital with a repurchase of 2,197.05 thousand shares[8] - The repurchase by Green Bamboo Bio-B (2480.HK) was notable at 0.87% of its total share capital, with 175.92 thousand shares repurchased[8] 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[22] - Large-scale buyback trends often occur during bear markets, signaling that companies believe their stock prices are undervalued[22] - Historical data indicates that the Hong Kong market has experienced five waves of buyback trends since 2008, all occurring during bear markets followed by subsequent rallies[22]

Group 1: Market Overview - The total repurchase amount for the week was HKD 1.53 billion, down from HKD 1.99 billion the previous week[10] - The number of companies engaging in repurchases decreased to 62 from 78 in the previous week[10] - AIA Group (1299.HK) led the repurchase with an amount of HKD 913.65 million[10] Group 2: Industry Insights - The financial sector dominated repurchase amounts, primarily driven by AIA Group and HSBC Holdings[13] - The technology sector had the highest number of companies engaging in repurchases, totaling 12[13] - The industrial sector followed with 11 companies participating in repurchases[13] Group 3: Company-Specific Data - AIA Group (1299.HK) accounted for 0.15% of its total share capital with a repurchase of 1,648.10 million shares[9] - HSBC Holdings (0005.HK) repurchased 179.52 million shares, representing 0.01% of its total share capital[9] - China Hongqiao (1378.HK) repurchased 1,095.60 million shares, which is 0.12% of its total share capital[9] Group 4: Market Trends - Large-scale repurchase trends often occur during bear markets, indicating companies believe their stock prices are undervalued[23] - Historical data shows that repurchase waves in the Hong Kong market since 2008 have been followed by subsequent price increases[23]