54 Hong Kong Stocks Bought Back on July 24; Xiaomi Repurchases Nearly 50 Million HK$
On July 24, 54 Hong Kong-listed companies conducted share buybacks, with Xiaomi, Linqingxuan, and China Resources Gas leading the day's repurchases at HK$49.9994 million, HK$29.6104 million, and HK$18.9477 million, respectively. Year-to-date, 295 Hong Kong stocks have engaged in buybacks, with 87 stocks exceeding HK$100 million in cumulative repurchases. Tencent Holdings led with HK$26.128 billion, followed by AIA Group at HK$13.635 billion and Xiaomi at HK$11.316 billion.
On July 24, a total of 54 Hong Kong stocks conducted company buybacks, with six individual stocks having buyback amounts exceeding HK$10 million. The stocks with the largest buyback amounts were Xiaomi Group, Linqingxuan, and China Resources Gas, with amounts of HK$49.9994 million, HK$29.6104 million, and HK$18.9477 million, respectively. As of July 24, 295 Hong Kong stocks have been bought back by companies this year, with 87 stocks having cumulative buyback amounts exceeding HK$100 million. Among them, Tencent Holdings, AIA Group, and Xiaomi Group had the largest cumulative buyback amounts, at HK$26.128 billion, HK$13.635 billion, and HK$11.316 billion, respectively. Company buyback behavior is generally seen as support for the company's share price, sending a positive signal to the market and helping to boost investor confidence.