AIA and Tencent lead Hong Kong stock companies to set off a new round of buybacks

FIFA News Agency, June 13, in the face of the persistently depressed stock price trend, a number of high-quality Hong Kong listed companies have competed to implement large-scale buybacks. According to statistics, as of June 11, 108 Hong Kong stock companies have implemented buybacks this year, with a total repurchase amount of 36 billion Hong Kong dollars, of which 26 companies have accumulated repurchases of more than 100 million Hong Kong dollars. A senior market personage told reporters that during the stock market downturn, active share buybacks can bring a positive boost to the market and companies. The company's repurchase of its own shares sends a signal to the market that the stock price is undervalued, increases market activity, and boosts market sentiment and risk appetite. (Shanghai Securities News)