Meitu share jumped 7% in Hong Kong, attracting investors' attention. This rally is likely related to the recent share purchasing activity by the company's chairman. Meitu will be included in the MSCI China Index after today's (26th) market close.

According to the latest data disclosed by the Hong Kong Stock Exchange, Meitu Chairman Wu Zeyuan purchased 700,000 shares of the company at HKD 10 per share on August 21, with a total investment amounting to HKD 7 million. Following this purchase, Wu Zeyuan's total shareholding increased to approximately 589 million shares, representing a 12.89% stake in the company.

Analysts believe that the chairman's share purchase sends a positive signal to the market, indicating optimism from the company's top management about its future prospects. This action may have bolstered investor confidence in Meitu, thus driving up the stock price. Additionally, the purchase price of HKD 10 per share might be viewed by the market as a reference for the company's stock valuation, further stimulating investor buying interest.