低估值+高股息！港股通央企红利ETF天弘（159281）净申购2000万份，深市同标的第一

Group 1 - The Hong Kong stock market opened lower, with the dividend sector declining. The Hong Kong Central State-Owned Enterprises Dividend ETF Tianhong (159281) saw a 0.33% drop in its benchmark index during the day, with a net subscription of 20 million units, ranking first among similar funds in the Shenzhen market [1] - The Tianhong ETF has accumulated a net inflow of 9.99 million yuan over the last ten trading days, with a latest fund size of 352 million yuan as of February 13, 2026 [1] - The ETF focuses on a "low valuation + high dividend" investment strategy, covering sectors such as finance, energy, public utilities, and transportation, which have stable cash flows. It is particularly attractive during a declining interest rate cycle and exhibits strong defensive characteristics [1] Group 2 - According to news from China Securities Journal and招商证券, the State-owned Assets Supervision and Administration Commission (SASAC) has recently clarified annual goals for the high-quality development of state-owned enterprises, encouraging them to effectively utilize capital markets and advance market value management assessments [1] - The rapid approval of a trillion-level restructuring project by China Shenhua reflects an improvement in the capital operation efficiency of state-owned enterprises [1] - The Hang Seng Hong Kong Stock Connect China Central State-Owned Enterprises Dividend Index reached a historical high in January, indicating an increased market interest in high-dividend state-owned enterprises [2]