Hong Kong-listed companies have repurchased over HK$120 billion year-to-date; allocation opportunities in dividend and innovative drug sectors are viewed favorably.

The Hong Kong stock market has recently continued its volatile adjustment trend, but the share buyback enthusiasm of Hong Kong-listed companies remains undiminished. Wind data shows that, as of the time of the reporter's submission on October 27, 358 Hong Kong-listed companies have repurchased 10.168 billion shares so far this year, with the buyback amount reaching HK$125.782 billion. Tencent Holdings, AIA Group, Xiaomi Group-W and other companies rank among the top in buyback scale. Regarding the future trend of the Hong Kong stock market, industry insiders believe that Hong Kong stocks may maintain a volatile trend in the short term, and directions with earnings and cash flow validation may be relatively more resilient. In terms of specific allocation, dividend assets represented by operating assets such as railways, highways and ports, as well as innovative drugs and the CXO sector, have attracted attention; for the technology sector, the market is more focused on whether the return on AI capital expenditure under a high interest rate environment can cover financing costs.