Group 1 - The A-share market experienced a collective pullback, with the Shanghai Composite Index closing down 0.94% at 3348.37 points, while 1107 stocks rose and 4204 stocks fell, highlighting the strong performance of controllable nuclear fusion concepts [1] - The 60th session of the stock simulation competition concluded with the champion achieving a return of 28.38%, the runner-up 27.28%, and the third place 26.60%, with 460 participants earning positive returns [1][2] - The upcoming 61st session of the competition will allow participants to register from May 24 to May 30, with the competition running from May 26 to May 30, featuring a simulated capital of 500,000 yuan [1][7] Group 2 - Key market trends included a focus on controllable nuclear fusion and the pet economy, with rapid shifts in market hotspots testing participants' trading skills [2][5] - Notable trades included the champion's successful investment in Zhongzhou Special Materials, buying at 23.45 yuan and selling at 33.24 yuan, yielding significant profits [4] - Participants also showed interest in high-dividend assets such as banks and utilities, which are seen as safer investments during market downturns [6] Group 3 - The competition's structure has changed to weekly contests, increasing the frequency of reward opportunities, with cash prizes for positive returns [7][8] - Participants can earn additional benefits such as access to expert holdings and market insights through the competition [9] - The competition encourages active participation, with a point system rewarding consistent trading activity [8][12]

Group 1 - The core viewpoint of the news highlights the performance of the CSI High Dividend Strategy Index and its associated ETF, which has shown significant gains since its inception, outperforming traditional dividend indices [1][2] - As of May 23, 2025, the CSI High Dividend Strategy Index has increased by 0.26%, with notable individual stock performances including Yutong Bus up 1.55% and Jinjia Co. up 1.35% [1] - The high dividend ETF (159207) has risen by 0.29% since its launch on April 9, 2025, with a total increase of over 9% since inception, indicating strong investor interest [1][2] Group 2 - The CSI High Dividend Index employs an innovative "pre-announcement" strategy to calculate expected dividend yields based on the latest cash dividend announcements, allowing for more timely adjustments compared to traditional indices [1][2] - The recent regulatory changes, referred to as the "New Nine Policies," are enhancing dividend supervision, which is expected to increase the asset allocation value of high dividend and high-quality earnings [2] - The high dividend ETF (159207) has achieved a weekly profit percentage of 60.00% and a daily profit percentage of 69.23% since its establishment, making it an efficient choice for dividend asset allocation [2]

日前，港股行情火爆，创新药接棒科技板块冲高，在港股逐渐A股化后，未来板块将轮动到哪个方向？兴证策略首席张忆东认为，港股可着眼攻防兼顾，科 技、红利成为港股两大核心资产。主流的港股红利ETF基金（513820）近期持续创上市新高，标的指数亦逼近去年10月高点，已连续6日获资金汹涌布局； 昨日，港股红利ETF基金（513820）官宣分红后，资金跑步进场、净流入量环比激增140%，近6日累计净流入超7000万元！ | 分红 | 权益登记日 | 除息日 | 现金红利发放日 | 分红方案(单位: 元/10份基金份额) | | --- | --- | --- | --- | --- | | 2024年7月分红 | 2024年7月23日 | 2024年7月24日 | 2024年7月29日 | 0. 05 | | 2024年8月分红 | 2024年8月26日 | 2024年8月27日 | 2024年8月30日 | 0. 04 | | 2024年9月分红 | 2024年9月24日 | 2024年9月25日 | 2024年9月30日 | 0. 04 | | 2024年10月分红 | 2024年10月24日 | 2024年10月2 ...

本文首发于公众号"私募排排网"。 （点击↑↑ 上图查看详情 ） 回顾2024年底，微盘股在经历了"924"行情的暴涨后，出现了短暂的重挫走势，一度跌超16%。而在微盘股"杀跌"之际，以银行股为代表的红利 股却"风景独好"，四大行齐创历史新高，历史经验来看，微盘股与红利股之间的跷跷板效应明显。 一般来说红利股和微盘股都有它们各自的风格周期，择时难度较大，小盘股通常具有更高的收益弹性，而红利股相对稳健。 值得关注的是，在 过去一周万得微盘股指数再创新高，申万银行指数同样创下 2021年以来新高，这种携手共进的局面似乎打破了此前冰火不相容的局面。 近期四大行创新高的强势表现，究其原因：一方面公募基金改革或带来银行仓位提升空间，另一方面，以保险资金为代表的中长期资金入市持续 带来增量资金。银行股市值大、盈利和分红稳定，股息率较高，充分体现了红利股的特征。 微盘股方面，在关税政策冲击后，央行推出基金保险公司互换便利、股票回购增持再贷款，总额度8000亿的两项货币政策、支持中央汇金公司 发挥好类"平准基金"，一系列政策扩张市场流动性下，小盘成长行情进一步加强。 近年来，红利高股息策略近年来持续受到市场关注，其中长端利率下 ...

Group 1 - The three major indices opened slightly lower on May 23, with the high dividend ETF (563180) showing strength, rising by 0.66% and experiencing a premium trading rate of 0.08% [1] - The high dividend ETF has seen a net inflow of over 67 million yuan in the past 10 days, indicating strong investor interest [1] - The ETF closely tracks the CSI High Dividend Strategy Index, which selects 80 stocks with high dividend yields and stable payouts, reflecting the overall performance of high dividend stocks [1] Group 2 - Insurance capital is increasingly allocating to high dividend assets, particularly favoring bank stocks, as evidenced by China Ping An Life Insurance's investment in Agricultural Bank of China H-shares, reaching 10% of its share capital [2] - The overall trend shows insurance capital actively increasing holdings in high dividend stocks across various sectors, including transportation, non-ferrous metals, and public utilities, aligning with their preference for stable dividend income [2] - Experts suggest that high dividend assets provide long-term allocation value for insurance companies, with expectations of continued high allocation levels in the future [2] Group 3 - Huatai Securities indicates that the environment for high dividend excess returns remains supported, but internal switching is necessary due to various factors, including the upcoming concentrated dividend distribution period from May to July [3] - There is an increasing demand for funds to "high cut low" within dividend stocks, particularly as bank stock performance faces pressure [3] - Current recommendations include focusing on high dividend assets in sectors such as railways, telecommunications, publishing, central construction enterprises, and environmental protection [3]

新华财经北京5月23日电四大证券报内容精华摘要如下： 中国证券报 ·连续两周加仓百亿级私募带头冲锋 在经历4月上旬的减仓后，股票私募机构对当前市场逐渐形成共识，仓位指数在75%上方逐渐稳定下 来。值得注意的是，百亿级私募仓位指数连续两周上涨，并且时隔五周后再次突破80%大关。此外，私 募机构也在通过定增等方式，积极参与A股市场投资。展望后市，机构普遍认为，中国资产重估叙事逻 辑在继续加强，以科技创新突破为代表的新经济领域已经展现出蓬勃生机。 ·金价再起波澜资金进场抢筹相关ETF 伴随着国际金价重返每盎司3300美元关口，市场对黄金相关资产的关注度再度升温。5月22日，多只黄 金ETF再度收涨，近一周涨幅已超过5%。值得注意的是，5月21日黄金ETF行情已显著回暖，部分资金 已经进场抢筹，有ETF单日获净流入超过1亿元。多家公募机构认为，避险资金对黄金仍有需求，看好 黄金相关资产中长期配置价值，但该类资产的短期波动可能增大。 ·基金"专业买手"别出心裁一键"打包"ETF渐成新风尚 随着ETF产品供给日益丰富，投资者如何根据自身的投资需求选择合适的ETF产品，成为行业亟待解决 的问题。今年以来，包括中欧基金、平安 ...

Core Viewpoint - The insurance industry is increasingly favoring high-dividend assets, particularly in the banking sector, as a strategy to enhance investment returns while reducing profit volatility [1][2][4]. Group 1: Investment Trends - Insurance capital has accelerated its stake acquisitions, particularly in bank stocks, with 15 announcements made this year compared to only 4 in the same period last year [2]. - High-dividend assets are appealing to insurance companies due to their stable dividends and potential for long-term value, leading to a sustained high allocation in this area [1][5]. Group 2: Specific Investments - Among the 15 stake acquisitions disclosed, 8 involved listed bank stocks, with Ping An Life Insurance acquiring shares in Agricultural Bank of China, China Merchants Bank, and Postal Savings Bank of China [3]. - The preference for H-shares of listed banks is attributed to their generally stable operations, good liquidity, high dividend yields, and tax benefits on dividends received through the Hong Kong Stock Connect [3][4]. Group 3: Strategic Implications - The insurance sector's strategy of investing in high-dividend stocks is evident, with a significant portion of their holdings in bank stocks, which account for 169.15 billion shares among the top ten holdings [4]. - Analysts suggest that the current low-interest environment and new accounting standards encourage insurance companies to focus on high-dividend, low-valuation, and stable operational targets [5].

股市成交量已经连续20个交易日破万亿元，表明投资者交易热情浓厚，且成交量多集中于高股息股票。 而且，当前股市并无过热特征，未来的持续繁荣值得期待，成交量保持在高位也将成为常态。 成交量保持在高位将成为常态，这一趋势将对资本市场产生深远影响。首先，高成交量意味着市场流动 性充裕，这将为企业融资提供更加便利的条件。企业可以通过发行股票、债券等方式在资本市场上筹集 资金，用于扩大生产、研发创新等，从而推动实体经济的发展。其次，活跃的交易市场也将吸引更多的 投资者参与，促进资本市场的进一步发展壮大。随着投资者数量的增加，市场的深度和广度将不断提 升，市场的定价效率也将得到提高。此外，高成交量还将为券商等金融机构带来更多的业务机会，促进 金融行业的繁荣。 当然，投资者在参与市场交易时，也应保持理性和冷静，避免盲目跟风和过度投机。要根据风险承受能 力和投资目标，合理配置资产，选择具有长期投资价值的股票。毕竟在价值投资为主旋律的背景下，投 资者只有买入并持有优质股票才能获得长期稳健的投资收益。 总之，股市成交量的持续高位运行是市场活力与投资者信心的体现。在当前市场并无过热特征的情况 下，投资者有理由对未来的持续繁荣保持期待 ...

跟着社保基金学"低波高息"配置，构建抗跌组合。 A股"国家队"（包括中央汇金、中国证金、中国证金资管、社保基金等）是指代表国家意志、由政府 直接或间接管理的资金力量，其主要职责是通过大规模资金运作维护市场稳定或引导投资方向，发挥 着类"平准基金"的作用。 在这其中社保基金一直被视为市场中最具备战略投资和长期投资意义的资金之一，虽然跟正宗的国家 队有所区别，但由于资金量大，投资周期足够长，一直也被市场投资者当作市场长期走向的中坚力 量。 此外，由于社保基金过往在择时和选股方面的一直有着突出表现，被市场奉为"聪明资金"。 据社保基金2023年年度报告数据显示，截至2023年末，全国社会保障基金资产总额为30145.6亿元。 自2000年8月成立以来的年均投资收益率为7.4%。 需要注意的是，社保基金的平均股票仓位只有约30%，也就是说如果只看股票部分，那将是长达22年 年化收益率20%+的亮眼业绩。 作者 | RAYYYY 编辑 | 小白 A股公司2025年一季报基本已经披露完毕，A股公司的十大流通股东名单因此公之于众。在多家公司 的十大流通股东名单出现了A股"国家队"的身影。 社保基金跑赢通胀，更远超普通散户的 ...

Core Viewpoint - The Hong Kong Dividend ETF Fund (513820) has announced its 11th consecutive monthly dividend, with a distribution of 0.01 yuan per 10 shares, bringing the total dividends to 0.3 yuan per 10 shares since inception [1][2][3] Dividend Announcement Details - Dividend Record Date: May 26, 2025, shares held before market close on this date are eligible for the dividend [1][2] - Ex-Dividend Date: May 27, 2025, the fund's net asset value will be slightly adjusted downwards on this date [1][2] - Cash Dividend Payment Date: May 30, 2025, investors can receive their cash dividends on this date [1][2] Historical Dividend Performance - The fund has consistently paid dividends since July 2024, with monthly distributions as follows: - July 2024: 0.05 yuan - August 2024: 0.04 yuan - September 2024: 0.04 yuan - October 2024: 0.04 yuan - November 2024: 0.04 yuan - December 2024: 0.04 yuan - January 2025: 0.01 yuan - February 2025: 0.01 yuan - March 2025: 0.01 yuan - April 2025: 0.01 yuan - May 2025: 0.01 yuan [3][8] Market Context and Investment Strategy - The current low interest rate environment has led to increased interest in high dividend assets, making the Hong Kong Dividend ETF Fund an attractive investment option [5][6] - The fund's underlying index has a dividend yield of 8%, significantly higher than the 10-year Chinese government bond yield, providing a compelling reason for investors to consider this fund [6][7] - The fund's valuation is more favorable compared to A-shares, offering a better safety margin for investors [7][9] Fund Characteristics - The fund is the first in the market to offer monthly dividend assessments, allowing for up to 12 distributions per year [7] - It focuses on high-quality, high-dividend leading stocks, with a balanced industry distribution among its 30 constituent stocks [8]