以红利板块为代表的权重股仍处低位，借道港股通红利ETF广发（520900）布局

Core Viewpoint - The A-share market indices experienced a rebound, with the Hong Kong Dividend ETF Guangfa (520900) rising by 1.55% and achieving a trading volume of 85.86 million yuan, indicating a positive market sentiment towards dividend stocks [1] Group 1: Market Analysis - The valuation of dividend stocks, represented by the dividend sector, remains at historically low levels, reflecting the asset revaluation potential brought by the appreciation of the RMB and the defensive value of stable earnings during economic structural transformation [1] - The Hong Kong dividend sector is recommended as a long-term strategic base, enhancing defensiveness and providing continuous dividend returns [1] Group 2: Investment Strategy - It is suggested to focus on undervalued central state-owned enterprises and non-bank financial institutions [1] - The combination of low long-term interest rates and continued overseas easing is expected to attract long-term capital, such as southbound funds and insurance capital, to increase allocation in Hong Kong dividend stocks [1] - The Hong Kong Dividend ETF Guangfa (520900) and its offshore connections (022719/022720) provide investors with a convenient entry point to invest in Hong Kong dividend assets, allowing for stable returns and long-term value [1]