{
  "id": 14770,
  "url": "https://www.scmp.com/tech/big-tech/article/3362255/why-zhongji-unveiling-us12-billion-buy-backs-its-hong-kong-debut",
  "title": "Why is Zhongji unveiling US$1.2 billion in buy-backs before its Hong Kong debut?",
  "summary": "Zhongji Innolight’s buy-back plan – worth as much as 8 billion yuan (US$1.2 billion) in the run-up to its offshore listing in Hong Kong – may give global investors an anchor for pricing, as the Chinese supplier of US hyperscalers seeks to pre-empt a shaky start to trading in the city. The Chinese maker of optical transceivers used in artificial intelligence (AI) data centres said it would repurchase its Shenzhen-listed shares for between 4 billion and 8 billion yuan, through its own or borrowed.",
  "authors": "Zhang Shidong,Howard Liu",
  "category": "news",
  "topics": "finance-investment",
  "orgs": null,
  "regions": "china",
  "published_at": "2026-07-29T09:00:31.000Z",
  "fetched_at": "2026-07-30T05:10:24.387Z",
  "source_slug": "x-scmp-tech-hk-cn",
  "source_name": "SCMP Tech (HK/CN)",
  "source_homepage": "https://www.scmp.com/tech",
  "ethics_ai_record_url": "https://ethics.ai/record/14770",
  "original_url": "https://www.scmp.com/tech/big-tech/article/3362255/why-zhongji-unveiling-us12-billion-buy-backs-its-hong-kong-debut",
  "evidence_status": "source-only",
  "attribution": "via ethics.ai"
}