Group 1 - The core viewpoint of the article highlights the attractiveness of Hong Kong dividend low-volatility assets compared to A-shares, with a focus on their better investment cost-performance ratio [2][10] - As of December 31, 2025, the S&P Hong Kong Stock Connect Low Volatility Dividend Index had a 12-month dividend yield of 5.6% and a PE (TTM) of 5.7 times, indicating a comparative advantage in valuation and dividend yield [2][10] - The banking sector is expected to achieve a "good start" in January 2026, with new credit additions projected between 5.2 trillion to 5.5 trillion yuan, an increase of 100 billion to 400 billion yuan year-on-year [2][10] Group 2 - The impact of the Spring Festival on January credit is expected to be relatively small, with a gradual increase in credit activity anticipated in the first half of the month [2][10] - The banking sector's asset-liability gap has increased, but the pressure on liquidity is manageable, and CD pricing will continue to follow a "budget line" principle [2][10] - The dividend yield rankings for various sectors show that coal mining has a yield of 5.55%, white goods at 5.36%, and rural commercial banks at 4.86% [11][12]
红利情报局：银行股息价值凸显，港股红利低波性价比受关注
Xin Lang Cai Jing·2026-01-15 10:07