Group 1 - The Hang Seng High Dividend Yield Index (HSSCHKY) increased by 0.83% as of August 21, 2025, with notable gains from stocks such as Jianfa International Group (up 3.50%) and China Unicom (up 3.09%) [3] - The Bosera Hang Seng High Dividend ETF (513690) rose by 0.73%, with a latest price of 1.1 yuan, and has accumulated a 2.05% increase over the past two weeks [3] - Long-term funds, particularly from insurance companies, are actively purchasing bank stocks, with Ping An Life increasing its holdings in Agricultural Bank of China H-shares to 4.329 billion shares, representing over 14% of the total H-shares [3] Group 2 - The overall fundamentals of the banking sector have improved, with stable credit growth, narrowing interest margin declines, decreasing non-performing loan ratios, and rising provision coverage ratios [4] - The Bosera Hang Seng High Dividend ETF has a current scale of 4.738 billion yuan, with leveraged funds continuing to invest, showing a financing buy-in amount of 9.074 million yuan [4] - The ETF has achieved a net value increase of 58.32% over the past three years, ranking 92 out of 1850 in the index equity fund category [4] Group 3 - The Bosera Hang Seng High Dividend ETF has a management fee rate of 0.50% and a custody fee rate of 0.10% [5] - The ETF closely tracks the Hang Seng High Dividend Yield Index, which reflects the performance of high dividend securities listed in Hong Kong [5] - The top ten weighted stocks in the index account for 29.41% of the total, including companies like Yanzhou Coal Mining and China Petroleum [5]

西部证券表示，港股通高股息行业在当前流动性宽松环境下具备长期投资价值。一方面，非标投资收益下滑背景下，高股息标的持续吸引低成本资金流入； 另一方面，银行等板块盈利保持稳健，分红水平维持稳定。反内卷政策推动下，焦炭、普钢等中游材料行业供需格局改善，PPI企稳预期增强，有利于企业 盈利修复。 截至2025年8月14日 14:46，恒生港股通高股息率指数(HSSCHKY)下跌0.35%。成分股方面涨跌互现，中国财险(02328)领涨4.99%，中国太保(02601)上涨 4.83%，统一企业中国(00220)上涨4.38%；兖矿能源(01171)领跌4.52%，中银香港(02388)下跌3.40%，中煤能源(01898)下跌2.97%。港股红利ETF博时(513690) 多空胶着，最新报价1.1元。拉长时间看，截至2025年8月13日，港股红利ETF博时近1周累计上涨2.89%。 流动性方面，港股红利ETF博时盘中换手4.32%，成交2.09亿元。拉长时间看，截至8月13日，港股红利ETF博时近1月日均成交2.48亿元。 规模方面，港股红利ETF博时最新规模达48.12亿元。 数据显示，杠杆资金持续布局中。港股红利 ...

截至2025年8月11日 14:26，恒生港股通高股息率指数(HSSCHKY)下跌0.11%。成分股方面涨跌互现，中国电信(00728)领涨2.31%，华润置地(01109)上涨 1.95%，信义玻璃(00868)上涨1.68%；中国宏桥(01378)领跌2.29%，统一企业中国(00220)下跌1.76%，中国财险(02328)下跌1.62%。港股红利ETF博时 (513690)下跌0.28%，最新报价1.09元。拉长时间看，截至2025年8月8日，港股红利ETF博时近1周累计上涨2.64%。 流动性方面，港股红利ETF博时盘中换手3.42%，成交1.63亿元。拉长时间看，截至8月8日，港股红利ETF博时近1月日均成交2.43亿元。 数据显示，杠杆资金持续布局中。港股红利ETF博时前一交易日融资净买额达158.32万元，最新融资余额达1340.19万元。 截至8月8日，港股红利ETF博时近3年净值上涨45.06%，指数股票型基金排名125/1836，居于前6.81%。从收益能力看，截至2025年8月8日，港股红利ETF博 时自成立以来，最高单月回报为24.18%，最长连涨月数为3个月，最长连涨涨幅为15.6 ...

Core Viewpoint - The Hang Seng High Dividend Yield Index (HSSCHKY) has experienced a decline of 1.01% as of August 1, 2025, with mixed performance among constituent stocks [1] Group 1: Market Performance - China Telecom (00728) led the gains with an increase of 1.65%, while China Petroleum & Chemical Corporation (00386) saw the largest decline at 5.65% [1] - The Bosera Hang Seng High Dividend ETF (513690) decreased by 1.12%, with the latest price at 1.06 yuan, but has risen by 3.28% over the past two weeks as of July 31, 2025 [1][2] - Southbound funds recorded a net purchase of 131.26 billion HKD in Hong Kong stocks on July 31, with a cumulative net inflow of 1,356.48 billion HKD for July, marking a historical high for the year [1] Group 2: Fund Performance - The Bosera Hang Seng High Dividend ETF has a current scale of 48.20 billion yuan, with a net inflow of 4.57 billion yuan over the last 23 trading days [2] - The ETF's financing buy-in amount reached 630.26 million yuan, with a financing balance of 1,044.09 million yuan [2] - The ETF has achieved a net value increase of 41.43% over the past three years, ranking 150 out of 1,829 index equity funds [2] Group 3: Risk and Return Metrics - The ETF's Sharpe ratio for the past year is 1.97, indicating a favorable risk-adjusted return [3] - As of July 31, 2025, the ETF has a year-to-date relative drawdown of 0.39%, with a recovery period of 37 days [3] - The management fee for the ETF is 0.50%, and the custody fee is 0.10% [3] Group 4: Index Composition - The HSSCHKY Index aims to reflect the performance of high dividend securities listed in Hong Kong that can be traded through the Stock Connect [4] - The top ten weighted stocks in the index account for 29.19% of the total index, including Yanzhou Coal Mining Company (01171) and Hang Lung Properties (00101) [4]

Core Viewpoint - The Hang Seng High Dividend Yield Index (HSSCHKY) has experienced a slight decline of 0.28% as of July 25, 2025, with mixed performance among constituent stocks, indicating a volatile market environment [3] Group 1: Market Performance - China Resources Land (01109) led the gains with an increase of 1.52%, while China Hongqiao (01378) saw the largest decline at 2.27% [3] - The Bosera Hang Seng High Dividend ETF (513690) has risen by 0.09%, marking its sixth consecutive increase, with a latest price of 1.09 yuan [3] - Over the past week, the Bosera ETF has accumulated a rise of 4.63% [3] Group 2: Liquidity and Fund Flow - The Bosera ETF recorded a turnover of 3.56% with a transaction volume of 175 million yuan [3] - The ETF's latest scale reached 4.917 billion yuan, a new high in nearly a year [4] - Despite a recent net outflow of 3.2457 million yuan, the ETF has attracted a total of 463 million yuan over the last 18 trading days [4] Group 3: Investment Strategy and Opportunities - Current valuations in the Hong Kong dividend sector are at historical mid-low levels, providing a high margin of safety, especially amid increasing market volatility [3] - Companies in the communication equipment sector are expected to benefit from the global expansion of AI capital expenditures, particularly with Meta's announcement of two large-scale AI data centers in the U.S. [4] - The ETF's focus on companies with strong cash flow and stable dividend policies offers good dividend return guarantees for investors [3][4] Group 4: Performance Metrics - The Bosera ETF has seen a net value increase of 48.65% over the past two years, ranking 101 out of 2237 index equity funds [5] - The ETF's highest monthly return since inception was 24.18%, with an average monthly return of 4.96% during rising months [5] - As of July 18, 2025, the ETF's Sharpe ratio over the past year was 1.55, indicating strong risk-adjusted returns [5] Group 5: Tracking and Fees - The Bosera ETF has a management fee of 0.50% and a custody fee of 0.10% [7] - The tracking error for the ETF over the past month was 0.048%, demonstrating its close alignment with the HSSCHKY index [8] - The top ten weighted stocks in the HSSCHKY index account for 29.27% of the index, with notable companies including Yancoal Australia (03668) and China Petroleum & Chemical Corporation (00386) [8]

Core Viewpoint - The Hang Seng High Dividend Yield Index (HSSCHKY) has shown strong performance, with significant increases in constituent stocks, indicating a favorable environment for high dividend assets in the Hong Kong market [3][4]. Group 1: Market Performance - As of July 14, 2025, the HSSCHKY index rose by 1.09%, with notable gains from stocks such as China Shenhua (up 5.00%) and China Gas (up 2.30%) [3]. - The Bosera Hang Seng High Dividend ETF (513690) has increased by 0.76%, marking its third consecutive rise, with a latest price of 1.05 yuan [3]. - Over the past two years, the Bosera Hang Seng High Dividend ETF has seen a net value increase of 41.17%, ranking 98 out of 2229 index equity funds [5]. Group 2: Fund Flows and Liquidity - The Bosera Hang Seng High Dividend ETF has a current scale of 4.697 billion yuan, with recent fund inflows remaining balanced [4]. - In the last five trading days, there were net inflows on four occasions, totaling 63.78 million yuan, with an average daily net inflow of 12.76 million yuan [4]. - The ETF's financing net purchase reached 4.6852 million yuan, with a latest financing balance of 10.7677 million yuan [4]. Group 3: Investment Opportunities - Long-term foreign capital is increasingly investing in Chinese equity assets, with significant investments from entities like German pension funds and Barclays Bank [3]. - The demand for defensive asset allocation has increased, particularly in high dividend stocks, as investors adjust their risk preferences [4]. - The upcoming months are expected to see a filling of rights and dividends for high dividend stocks, providing potential investment opportunities [4]. Group 4: Performance Metrics - The Bosera Hang Seng High Dividend ETF has achieved a maximum monthly return of 24.18% since inception, with an average monthly return of 4.96% [5]. - The ETF's Sharpe ratio over the past year stands at 1.55, indicating strong risk-adjusted returns [5]. - The tracking error for the ETF over the past month is 0.052%, demonstrating its close alignment with the HSSCHKY index [6].

Core Viewpoint - The Hang Seng High Dividend Yield Index (HSSCHKY) has shown positive performance, with significant increases in constituent stocks, indicating a favorable environment for high dividend yield investments in the Hong Kong market [1][2]. Group 1: Market Performance - As of April 11, 2025, the HSSCHKY index rose by 0.53%, with notable increases in stocks such as China Resources Land (4.30%) and CITIC Bank (4.04%) [1]. - The Bosera Hang Seng High Dividend ETF (513690) has experienced a 3.49% increase over the past three months, with a current price of 0.89 yuan [1]. - The ETF recorded a turnover of 0.71% during the trading session, with a total transaction value of 25.776 million yuan [1]. Group 2: Fund Flows and Liquidity - The Bosera Hang Seng High Dividend ETF has a current scale of 3.582 billion yuan, with recent fund inflows remaining balanced [2]. - Over the past 22 trading days, the ETF has attracted a total of 74.4063 million yuan in capital [2]. - The latest margin trading figures show a financing purchase amount of 1.0941 million yuan and a financing balance of 10.8082 million yuan [2]. Group 3: Performance Metrics - The Bosera Hang Seng High Dividend ETF has achieved an 18.28% net value increase over the past year [3]. - Since its inception, the ETF's highest monthly return was 24.18%, with an average monthly return of 4.95% during rising months [3]. - The ETF's management fee is set at 0.50%, and the custody fee is 0.10% [3]. Group 4: Index Composition - The HSSCHKY index aims to reflect the performance of high dividend securities listed in Hong Kong that can be traded through the Stock Connect [4]. - As of April 10, 2025, the top ten weighted stocks in the index account for 28.59% of the total index weight, including Yanzhou Coal Mining (3.93%) and Hang Lung Properties (3.38%) [4][6].