[The scale of repurchases during the year is close to that of last year, and cancellation-type repurchases continue to increase in volume] On November 3, Wind data showed that as of the evening of October 31, 684 A-share listed companies had released repurchase plans during the year, and the upper limit of the proposed repurchase amount was approximately 221.526 billion yuan. The cumulative amount of A-share repurchases reached 141.096 billion yuan during the year, a year-on-year increase of 16.3%; the number of repurchases reached 1,228, a year-on-year decrease of 11.48%. Since the beginning of this year, the cumulative repurchase amount has been close to the level for the whole of 2025. From 2020 to 2025, the annual repurchase amount of A shares reached 67.54 billion yuan, 120.556 billion yuan, 101.798 billion yuan, 90.833 billion yuan, 165.746 billion yuan and 142.811 billion yuan respectively. Recently, there has been a significant increase in write-off repurchase cases. Many interviewees said that for the market, continued normalization of write-off repurchases can help guide the concept of value investment. (China Securities Journal)