Tencent Holdings Tops in Hong Kong shares buybacks for two consecutive quarters

TapTechNews July 3 news, according to the information disclosed by the Hong Kong Stock Exchange statistics, Tencent Holdings has firmly occupied the title of the king of Hong Kong shares buybacks for two consecutive quarters, and the buyback intensity in the second quarter continues to increase.

In the first half of this year, Tencent has cumulatively repurchased HK$52.3 billion (TapTechNews note: currently about RMB 48.743 billion). It has exceeded the total repurchase amount of HK$49.4 billion (currently about RMB 46.04 billion) in the whole year of 2023.

In the second quarter, Tencent's single-quarter repurchase amount reached HK$37.5 billion (currently about RMB 34.95 billion), far exceeding the HK$14.8 billion (currently about RMB 13.793 billion) in the first quarter. The average daily repurchase amount in the second quarter reached HK$987 million (currently about RMB 920 million), setting a new historical high in the same period.