红利港股ETF（159331）涨超1.0%，市场关注高股息资产配置窗口

Core Insights - The Hong Kong Dividend ETF (159331) has risen over 1.0%, indicating market interest in high dividend asset allocation opportunities [1] - Shenwan Hongyuan Securities continues to strategically favor high dividend stocks in Hong Kong, viewing them as a more cost-effective choice [1] - The peak of resident deposit repricing in 2025 is expected to lead to a significant drop in repricing rates, which will drive actual declines in risk-free rates, benefiting high dividend assets [1] Group 1 - The current short-term correction in high dividend insurance allocations presents a reallocation opportunity as market attention decreases [1] - The ongoing "anti-involution" policy is expected to improve the mid-term supply-demand dynamics in the manufacturing sector, enhancing the long-term value of high dividend assets [1] - The Hong Kong high dividend sector remains relatively advantageous and is an important choice for resident asset reallocation [1] Group 2 - The Hong Kong Dividend ETF (159331) tracks the Hong Kong Stock Connect High Dividend Index (930914), which is compiled by China Securities Index Co., Ltd. [1] - This index selects Hong Kong-listed companies with high dividend yields and liquidity from the Stock Connect universe, focusing on traditional high dividend sectors such as finance and real estate [1] - As of June 26, 2025, the index has achieved a year-to-date increase of over 12% [1]