---
title: "China Hongqiao launches HK$595 million share buyback to signal confidence and tighten float"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285371084.md"
description: "China Hongqiao Group Ltd. has initiated a share buyback worth HK$595 million, repurchasing 17,951,000 shares at prices between HK$32.28 and HK$33.74. This move aims to signal confidence in the company's long-term strategy and reduce its total issued share capital to approximately 9.89 billion shares. The board believes the current share price undervalues the company and may continue buybacks based on market conditions. The latest analyst rating for the stock is a Buy, with a price target of HK$45.00."
datetime: "2026-05-06T11:50:38.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285371084.md)
  - [en](https://longbridge.com/en/news/285371084.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285371084.md)
---

# China Hongqiao launches HK$595 million share buyback to signal confidence and tighten float

### Claim 55% Off TipRanks

-   Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
-   Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks

An update from China Hongqiao Group Ltd. ( (HK:1378) ) is now available.

China Hongqiao Group Limited has repurchased 17,951,000 of its own shares on the market at prices between HK$32.28 and HK$33.74 per share, for a total consideration of about HK$595 million. The company will cancel these shares, reducing its total issued share capital to 9,893,822,841 shares and leaving its controlling shareholders with about 61.63% and the public float at roughly 38.28%, comfortably above its minimum required float.

The board stated that the current share price undervalues the company and signaled it may continue buybacks depending on market conditions. Management said the transaction reflects confidence in China Hongqiao’s long-term strategy and growth prospects and believes the repurchase is in the best interests of all shareholders, potentially supporting the share price and enhancing per-share metrics.

The most recent analyst rating on (HK:1378) stock is a Buy with a HK$45.00 price target. To see the full list of analyst forecasts on China Hongqiao Group Ltd. stock, see the HK:1378 Stock Forecast page.

**More about China Hongqiao Group Ltd.**

China Hongqiao Group Limited is a Cayman Islands–incorporated company listed in Hong Kong and is one of China’s major industrial groups, with controlling shareholders holding a dominant stake. Its shares are widely held by public investors alongside significant holdings by directors and controlling shareholders, giving it a substantial free float on the Hong Kong market.

**Average Trading Volume:** 43,214,716

**Technical Sentiment Signal:** Buy

**Current Market Cap:** HK$329B

Learn more about 1378 stock on TipRanks’ Stock Analysis page.

### Related Stocks

- [01378.HK](https://longbridge.com/en/quote/01378.HK.md)

## Related News & Research

- [China Hongqiao Group Ltd. (1378): New Buy Recommendation for This Basic Materials Giant](https://longbridge.com/en/news/285830669.md)
- [China Hongqiao’s Convertible Bonds Gain Vienna Stock Exchange Listing](https://longbridge.com/en/news/286011673.md)
- [China Hongqiao Group Ltd. (1378): New Buy Recommendation for This Basic Materials Giant](https://longbridge.com/en/news/284219130.md)
- [China Hongqiao Completes RMB10.2 Billion Zero-Coupon Convertible Bond Issue](https://longbridge.com/en/news/285194143.md)
- [China Hongqiao to Raise US$1.47 Billion via Premium-Priced Convertible Bonds](https://longbridge.com/en/news/284284111.md)