Data shows that 2,446 repurchase plans have been implemented so far this year, involving an amount of more than 160 billion yuan, far exceeding the level of the whole of last year. What is different from the past is that this round of repurchases is characterized by strong intensity, short term, fast implementation, and a large number of cancellation-style repurchases. At the same time, with the support of special loans for stock purchases, more and more listed companies are joining the repurchase team. In addition to Hikvision, Kweichow Moutai plans to implement a share repurchase plan with 3 billion to 6 billion yuan of its own funds. The repurchased shares will be used to cancel and reduce the company's registered capital. In addition, companies such as WuXi AppTec, Jiuan Medical, and Yili Group have disclosed repurchase plans with a maximum limit of more than 1 billion yuan, and all of them will be used for capital reduction and cancellation.