[More than 370 Hong Kong listed companies implemented repurchases during the year, with the repurchase amount exceeding HK$130 billion] November 13th. Since the beginning of this year, the Hong Kong stock market has experienced fluctuations and adjustments, but listed companies have still maintained a high enthusiasm for repurchases. On November 10, the leading artificial intelligence company Zhipu announced that the company's chairman proposed to repurchase the company's shares. The expected total amount of the repurchase plan is capped at HK$4 billion. The total number of H shares to be repurchased shall not exceed 1% of the company's total issued shares on the date of the announcement. This is the epitome of the repurchase boom launched by Hong Kong technology companies this year. According to Wind statistics, as of November 11, 372 Hong Kong-listed companies have implemented buybacks during the year, with the buyback amount exceeding HK$130 billion; the number of companies participating in buybacks has significantly expanded, from 241 in the same period last year to 372, an increase of more than 50%. Among them, the number of companies implementing repurchases in industries such as information technology, medical care, and daily consumption has increased significantly, and more small and medium-sized market capitalization companies and segmented companies have joined the repurchase queue. Interviewees believe that in an environment of tightening external liquidity and repeated southbound capital flows, listed companies' use of their own cash for buybacks is forming a bottom support for their own valuations, and also reflects the continued changes in the capital management concepts of Hong Kong stocks. (Securities Times)