Huan Qiu Wang·2025-10-29 03:22Core Viewpoint - The trend of high-frequency dividends is becoming a new norm in both A-share and Hong Kong markets, with over 100 billion yuan in dividends being distributed as companies release their third-quarter reports [1][2][4] Group 1: A-share Market Developments - As of October 27, 95 A-share companies have announced third-quarter dividend plans, totaling 10.87 billion yuan [1] - Leading companies like Wens Foodstuff Group, Huaxin Cement, and Dahua Technology have reported significant dividend amounts, with Wens Foodstuff Group leading at 1.994 billion yuan [1] - Huaxin Cement's unexpected announcement of a 706 million yuan cash dividend, amidst a surge in profits, resulted in stock price increases of 7.89% and 10.23% in A-shares and Hong Kong shares respectively [1] Group 2: Hong Kong Market Developments - Major blue-chip companies in Hong Kong, such as HSBC Holdings and Hang Seng Bank, have also announced third-quarter dividend plans [1] - HSBC Holdings declared a dividend of $0.1 per share, maintaining the same level as the previous year, with total dividends for the year reaching $0.3 per share, which helped its stock price rise over 4% despite a decline in quarterly profits [1] Group 3: Trends and Policy Implications - The increase in high-frequency dividends is attributed to both policy guidance and market mechanisms, with new regulations encouraging companies to adopt multiple dividend distributions within a year [4] - The trend is reshaping the investment landscape, with long-term investors, such as insurance funds, increasingly favoring high-dividend companies [4] - As of mid-2023, the balance of insurance company investments exceeded 36 trillion yuan, and public fund sizes reached 36.25 trillion yuan, indicating a growing preference for high-dividend strategies in a declining interest rate environment [4]