关注红利港股ETF（159331）投资机会，南向资金或持续加仓高股息资产

Group 1 - The core viewpoint is that the Hong Kong stock market's high dividend sectors, particularly banks, present investment value due to the weak US dollar and continuous inflow of southbound funds [1] - Insurance capital, as a major source of southbound funds, prefers bank stocks for their stable high dividend characteristics, benefiting from their "quasi-bond" advantage, low volatility, and tax exemptions on dividends [1] - The financial sector has become a core holding for southbound funds, accounting for 19% of their portfolio, as the current low interest rate environment enhances the attractiveness of high dividend strategies [1] Group 2 - The Hong Kong stock market is seen as a representative of core RMB assets, with potential for valuation recovery due to the narrowing of "country risk premium" and the rising pricing power of domestic capital [1] - The Hong Kong Dividend ETF (159331) tracks the Hong Kong Stock Connect High Dividend Index (930914), which selects high dividend yield securities from eligible listed companies to reflect the overall performance of high dividend stocks in Hong Kong [1] - Investors without stock accounts can consider the Cathay CSI Hong Kong Stock Connect High Dividend Investment ETF Initiated Link A (022274) and Link C (022275) [1]