Guolian Minsheng Securities

According to 36Kr, listed Chinese securities firms have accelerated buyback activity in the second half of 2026, with five firms disclosing new rounds of share repurchase plans and others updating progress on prior plans. The composition of buybacks is shifting toward a higher share of cancellation-type buybacks and multi-faceted purposes, signaling a move from short-term market price maintenance to focusing on per-share intrinsic value and long-term shareholder value.