年内H股升幅远高于A股！恒生AH股溢价指数刷新近5年来新低

Group 1 - The Hang Seng Shanghai-Shenzhen Stock Connect AH Premium Index reached a new low of 126.91 points on June 12, indicating a narrowing price difference between A-shares and H-shares, primarily due to H-shares outperforming A-shares this year [1] - The AH Premium Index measures the price difference between A-shares and H-shares of major mainland companies, with a value of 100 indicating equal prices, above 100 indicating a premium for A-shares, and below 100 indicating a discount [4] - As of June 11, the AH H Index has risen by 17% year-to-date, while the AH A Index has only increased by 2.8%, reflecting a significant disparity in performance between the two markets [4] Group 2 - The majority of the 155 AH dual-listed companies are from traditional economic sectors and state-owned enterprises, making them more suitable for dividend investment strategies in the current macroeconomic environment [5] - Given the 20% dividend tax for individual and public investors in the Hong Kong Stock Connect, the AH premium converges to 125%, suggesting no significant difference in dividend asset purchases between A-shares and H-shares for these investors [5]