港股通央企红利ETF（159266）现任基金经理为刘庭宇、蔡路平。刘庭宇自2025年7月23日管理（或拟 管理）该基金，任职期内收益0.51%；蔡路平自2025年11月5日管理（或拟管理）该基金，任职期内收 益-2.26%。 最新定期报告显示，永赢基金（159266）重仓股包括中远海控、中国有色矿业、中国外运、东方海外国 际、中信银行、中国石油股份、中国神华、中国人民保险集团、中国海洋石油、农业银行，持仓占比如 下： 来源：新浪基金∞工作室 数据显示，12月23日，港股通央企红利ETF(159266)遭净赎回99.97万元，位居当日跨境ETF净流出排名 33/202。最新规模6.65亿元，前一日规模6.64亿元，当日资金净流出额占前一日规模的比例为0.15%。 近5日，港股通央企红利ETF(159266)遭净赎回790.46万元，位居跨境ETF净流出排名第26/202。近10 日，港股通央企红利ETF(159266)遭净赎回1788.18万元，位居跨境ETF净流出排名第23/202。近20日， 港股通央企红利ETF(159266)遭净赎回4255.48万元，位居跨境ETF净流出排名第18/202。 港股通央企 ...

Core Viewpoint - The Hong Kong Stock Connect Central State-Owned Enterprises Dividend ETF (520660) experienced a decline of 1.20% on November 21, with a trading volume of 74.08 million yuan, indicating market fluctuations and investor sentiment [1] Fund Performance - The fund's latest share count increased by 2 million to a total of 2.624 billion shares over the past 20 trading days, reflecting growing investor interest [1] - The latest net asset value of the fund is calculated at 2.778 billion yuan, showcasing its financial standing [1] - Since its inception on June 26, 2024, the fund has achieved a return of 9.81%, with a one-month return of 2.58%, indicating positive short-term performance [1] Management Information - The fund is managed by Southern Fund Management Co., Ltd., with fund managers Luo Wenjie and Pan Shuiyang overseeing its operations [1] - The performance benchmark for the fund is the CSI National New Hong Kong Stock Connect Central State-Owned Enterprises Dividend Index (RMB middle price), which serves as a reference for evaluating its performance [1]

Group 1 - The core point of the article highlights the performance and recent activity of the Hong Kong Stock Connect Central Enterprise Dividend ETF managed by Southern Fund Management Co., Ltd. [1] - On October 22, the ETF experienced a slight decline of 0.10% with a trading volume of 37.81 million yuan [1] - The ETF's total shares increased by 8 million, bringing the latest total to 2.4 billion shares, with a notable increase of 453 million shares over the past 20 trading days [1] Group 2 - The latest net asset value of the ETF is calculated to be 2.5 billion yuan [1] - The ETF's performance benchmark is the CSI National New Hong Kong Stock Connect Central Enterprise Dividend Index (RMB middle price) [1] - Since its establishment on June 26, 2024, the ETF has achieved a return of 7.02%, with a monthly return of 3.17% [1]

Core Viewpoint - The Hong Kong Stock Connect Central State-Owned Enterprises Dividend ETF (159266) experienced a slight decline of 0.39% on October 22, with a trading volume of 26.62 million yuan [1] Group 1: Fund Performance - The ETF's latest net asset value is calculated at 788 million yuan [1] - Since its establishment on July 23, 2025, the fund has achieved a return of 1.46% [1] - Over the past month, the fund has recorded a return of 3.66% [1] Group 2: Fund Management - The fund is managed by Yongying Fund Management Co., Ltd. [1] - The fund manager is Liu Tingyu [1] Group 3: Fund Size and Trading Activity - The ETF's shares decreased by 4 million, bringing the total shares to 777 million [1] - In the last 20 trading days, the fund's shares increased by 7 million [1]

Core Viewpoint - The Hong Kong Stock Connect Central State-Owned Enterprises Dividend ETF Tianhong (159281) experienced a 1.73% increase in value on October 15, with a trading volume of 78.84 million yuan, but saw a reduction in shares by 11 million, bringing the total to 325 million shares [1] Group 1 - The latest net asset value of the Hong Kong Stock Connect Central State-Owned Enterprises Dividend ETF Tianhong is 325 million yuan [1] - Over the past 20 trading days, the fund's shares have decreased by 24 million [1] - The fund's performance benchmark is the CSI Hong Kong Stock Connect Central State-Owned Enterprises Dividend Index return rate, adjusted for valuation exchange rates [1] Group 2 - Since its establishment on August 20, 2025, the fund has recorded a return of -0.15% [1] - In the past month, the fund's return has been -1.13% [1] - The fund is managed by Tianhong Fund Management Co., Ltd., with He Yuxuan as the fund manager [1]

Group 1 - The Hong Kong Stock Connect Central Enterprise Dividend ETF (520660) experienced a decline of 0.39% on October 13, with a trading volume of 124 million yuan [1] - The fund's shares increased by 88 million to a total of 2.112 billion shares, with a total increase of 297 million shares over the past 20 trading days [1] - The latest net asset value of the fund is calculated to be 2.139 billion yuan [1] Group 2 - The performance benchmark for the ETF is the CSI National New Hong Kong Stock Connect Central Enterprise Dividend Index (RMB middle price) [1] - The fund is managed by Southern Fund Management Co., Ltd., with fund managers Luo Wenjie and Pan Shuiyang [1] - Since its establishment on June 26, 2024, the fund has returned 4.06%, while the return over the past month is -2.00% [1]

Core Viewpoint - The Hong Kong Central State-Owned Enterprises Dividend 50 ETF (520990) experienced a slight increase of 0.30% on September 26, with a trading volume of 92.48 million yuan, indicating a stable interest in the fund despite recent fluctuations in share volume [1] Fund Performance - The ETF's latest share count increased by 18 million to a total of 4.352 billion shares, although it has seen a reduction of 189 million shares over the past 20 trading days [1] - The latest net asset value of the fund is calculated at 4.284 billion yuan [1] - Since its inception on June 26, 2024, the fund has returned 1.82%, while its return over the past month has been -3.36% [1] Management Information - The fund is managed by Invesco Great Wall Fund Management Co., Ltd., with fund managers Gong Lili and Wang Yang overseeing its operations [1]

Market Overview and Key Insights - The Hong Kong stock market's dividend sector saw an increase last week, with the Hang Seng China Enterprises Dividend Total Return Index rising by 4.14%, the Hang Seng Index by 4.04%, and the Hang Seng Tech Index by 5.34% [1] - Active foreign capital returned to the Hong Kong stock market, with a net inflow of HKD 60.8 billion from southbound funds last week [1] - The U.S. job market has shown signs of weakness, with the unemployment rate reaching 4.3%, the highest in nearly four years, indicating economic cooling [1] - Market expectations for a Federal Reserve rate cut have increased, with a 90% probability of a 25 basis point cut in September and an overall expectation of three cuts within the year [1] Federal Reserve Impact on Hong Kong Stocks - The Federal Reserve's potential rate cuts may benefit the capital flow into Hong Kong stocks, as the market is sensitive to U.S. monetary policy changes due to its peg to the U.S. dollar [2] - Historically, the Hang Seng Index has shown a negative correlation with the U.S. dollar index and U.S. Treasury yields, suggesting that a rate cut could lead to increased investment in undervalued Hong Kong stocks [2] Dividend Strategy and Valuation - The Hang Seng China Enterprises Dividend Index has a dividend yield of 6.25%, significantly higher than the 4.51% yield of the CSI Dividend Index, with a price-to-book ratio of 0.62 and a price-to-earnings ratio of 6.98 [2] - Since early 2021, the total return index has gained 141%, outperforming the Hang Seng Total Return Index by 126% [2] - The low interest rate environment and weak economic recovery in China are favorable for dividend strategies, with strong dividend capabilities from state-owned enterprises [2] ETF Overview - The Huaan Hong Kong Stock Connect Central State-Owned Enterprises Dividend ETF (code: 513920) tracks the Hang Seng China Enterprises Dividend Index, focusing on high-dividend securities listed in Hong Kong with state-owned enterprise majority ownership [3] - This ETF is the first in the market to combine the attributes of Hong Kong stocks, state-owned enterprises, and dividends [3] ETF Performance - The Huaan Hong Kong Stock Connect Central State-Owned Enterprises Dividend ETF had a net asset value of 1.6275 billion and a trading volume of 10.27 billion last week [4] - The top ten weighted stocks in the index include China Nonferrous Mining (4.7% weight, 16.1% weekly increase) and China Merchants Energy (3.7% weight, 13.2% weekly increase) [5]

Group 1 - The Hong Kong Stock Connect Central State-Owned Enterprises Dividend ETF (520660) increased by 0.96% on September 11, with a trading volume of 55.1564 million yuan [1] - The fund's shares increased by 6 million, bringing the total shares to 1.927 billion, with an increase of 488 million shares over the past 20 trading days [1] - The latest net asset value of the fund is calculated to be 1.998 billion yuan [1] Group 2 - The performance benchmark for the ETF is the CSI National New Hong Kong Stock Connect Central State-Owned Enterprises Dividend Index (RMB middle price) [1] - The fund is managed by Southern Fund Management Co., Ltd., with fund managers Luo Wenjie and Pan Shuiyang [1] - Since its establishment on June 26, 2024, the fund has returned 6.51%, with a one-month return of 1.17% [1]

Group 1 - The Tianhong CSI Hong Kong Stock Connect Central State-Owned Enterprises Dividend ETF (159281) will be available for subscription from August 6, 2025, to August 15, 2025, with a maximum initial fundraising scale of 2 billion yuan [1] - The fund is managed by Tianhong Asset Management, with He Yuxuan serving as the fund manager [1] - The performance benchmark for the fund is the CSI Hong Kong Stock Connect Central State-Owned Enterprises Dividend Index return (adjusted for valuation exchange rate) [1]