Group 1 - The core point of the article highlights that Hang Seng Bank has repurchased 200,000 shares at an average price of HKD 113.48 per share, totaling approximately HKD 22.7 million, with a cumulative repurchase of 3.4 million shares this year, representing 0.18% of the total share capital [1] - The recent share repurchase activity is seen as a positive market signal, indicating management's confidence in the company's financial health and belief that the stock is undervalued [1] - Share buybacks can reduce the number of shares in circulation, potentially increasing earnings per share, which is beneficial for shareholders [1] Group 2 - Hang Seng Bank, established in 1933 and headquartered in Hong Kong, is a significant financial institution providing comprehensive financial services, including retail banking, wealth management, commercial banking, and capital market services [2] - The bank has a wide branch network in Hong Kong and operations in mainland China and other international markets, maintaining a strong position in the Hong Kong financial market due to its robust operating strategies and quality financial services [2] - Hang Seng Bank plays a crucial role in the financial system of Hong Kong, offering a mature product and service system across various sectors, including savings, loans, investments, and trade financing [2]