Since the beginning of this year, the repurchase of Hong Kong stocks has continued to heat up. According to statistics from Securities China, from January 1 to July 11 this year, a total of 238 Hong Kong-listed companies repurchased 6.988 billion shares, with a repurchase amount of nearly HK$180 billion. The number of listed companies participating in the repurchase and the number of repurchased shares increased year-on-year. At the same time, in terms of the ranking of repurchase amounts, in addition to financial listed companies such as HSBC and Standard Chartered, which are "not short of money", Internet technology giants such as Tencent Holdings and Alibaba have also made large-scale repurchases many times, with the amount exceeding HK$10 billion.