关注红利港股ETF（159331）投资机会，港股上市公司的盈利预期上升

Group 1 - The core viewpoint of the article highlights that the Hong Kong stock market has shown significant growth since 2025, with the Hang Seng Technology Index and the Hang Seng Index increasing by 28.20% and 24.11% respectively [1] - It is expected that the Hong Kong stock market will continue to experience wide fluctuations in December, influenced by three main factors: the Federal Reserve's interest rate cuts improving liquidity in Hong Kong stocks, the narrowing of the interest rate differential between China and the U.S. leading to an appreciation of the Renminbi, and the clearer domestic "14th Five-Year Plan" which is expected to enhance the earnings outlook for listed companies in Hong Kong [1] - Looking ahead, 2026 is anticipated to be a pivotal year as the "14th Five-Year Plan" commences, with developments in new productivity sectors and easing U.S.-China trade tensions expected to support the resilience of the Hong Kong stock market, potentially leading to a "slow bull" market trend [1] Group 2 - The Hong Kong Dividend ETF (159331) tracks the Hong Kong Stock Connect High Dividend Index (930914), which selects 30 high dividend yield stocks from securities eligible for the Hong Kong Stock Connect, focusing on those with good liquidity and consistent dividend payments [1] - The index comprises stocks from various traditional high dividend sectors such as finance, energy, and industrials, aiming to reflect the overall performance of high dividend securities in the Hong Kong Stock Connect with stable dividend characteristics and relatively low market volatility [1]