中证港股通央企红利指数（931233.CSI），从港股通范围内，选取中央企业实际控制的分红水平稳定且 股息率较高的50只上市公司股票进行打包；截至12月15日，该指数近1年股息率是6.76%，高于同期10 年期国债收益率4.92%，港股央企红利ETF（513910）是跟踪该指数规模最大的投资标的。 恒生中国内地企业高股息率指数（HSMCHYI.HI），筛选打包在港上市，内地公司中的高股息股票； 截至12月15日，该指数近1年股息率是6.18%，高于同期10年期国债收益率4.34%，恒生红利ETF （159726）是跟踪该指数的唯一ETF。 每日经济新闻 非标普港股通低波红利港币指数（SPAHLVHP.SPI）筛选打包在港上市的50只高股息低波动股票，港股 通红利低波ETF（159118）是跟踪该指数综合费率最低的一只ETF。 奥思集团：每股0.025港元；除净日：2026-02-02，派息日期：2026-03-02；恒生行业：医疗及医学美容 服务；非中证港股通央企红利指数（931233.CSI）的成分股，非恒生中国内地企业高股息率指数 （HSMCHYI.HI）的成分股，非标普港股通低波红利港币指数（SPAHL ...

中证港股通央企红利指数（931233.CSI），从港股通范围内，选取中央企业实际控制的分红水平稳定且 股息率较高的50只上市公司股票进行打包；截至12月9日，该指数近1年股息率是6.71%，高于同期10年 期国债收益率4.84%，港股央企红利ETF（513910）是跟踪该指数规模最大的投资标的。 注：除净日，就是一只股票开始"剔除"即将派发的股息（红利）的日期。从这一天起，买入该股票的投 资者，将无法享受到本次派发的股息。 简单投资，加点红利！ 每日经济新闻 恒生中国内地企业高股息率指数（HSMCHYI.HI），筛选打包在港上市，内地公司中的高股息股票； 截至12月9日，该指数近1年股息率是6.19%，高于同期10年期国债收益率4.31%，恒生红利ETF （159726）是跟踪该指数的唯一ETF。 非标普港股通低波红利港币指数（SPAHLVHP.SPI）筛选打包在港上市的50只高股息低波动股票，港股 通红利低波ETF（159118）是跟踪该指数综合费率最低的一只ETF。 上海医药：每股0.13215港元；除净日：2025-12-30，派息日期：2026-02-06；恒生行业：药品分销；非 中证港股通央企红利指 ...

恒生中国内地企业高股息率指数（HSMCHYI.HI），筛选打包在港上市，内地公司中的高股息股票；截 至12月8日，该指数近1年股息率是6.11%，高于同期10年期国债收益率4.23%，恒生红利ETF（159726） 是跟踪该指数的唯一ETF。 注：除净日，就是一只股票开始"剔除"即将派发的股息（红利）的日期。从这一天起，买入该股票的投 资者，将无法享受到本次派发的股息。 沪上阿姨：每0.743755港元；除净日：2025-12-12，派息日期：2026-02-04；恒生行业：非酒精饮料； 非中证港股通央企红利指数（931233.CSI）的成分股，非恒生中国内地企业高股息率指数 （HSMCHYI.HI）的成分股，非标普港股通低波红利港币指数（SPAHLVHP.SPI）的成分股。 中证港股通央企红利指数（931233.CSI），从港股通范围内，选取中央企业实际控制的分红水平稳定且 股息率较高的50只上市公司股票进行打包；截至12月8日，该指数近1年股息率是6.65%，高于同期10年 期国债收益率4.77%，港股央企红利ETF（513910）是跟踪该指数规模最大的投资标的。 非标普港股通低波红利港币指数（SPAHL ...

Group 1: Dividend Indices - The China Securities Hong Kong Stock Connect Central Enterprise Dividend Index (931233.CSI) includes 50 stable dividend-paying stocks controlled by central enterprises, with a one-year dividend yield of 5.77%, surpassing the 10-year government bond yield of 3.92% as of December 2 [1] - The Hang Seng Mainland Enterprises High Dividend Yield Index (HSMCHYI.HI) consists of high dividend stocks listed in Hong Kong from mainland companies, with a one-year dividend yield of 5.37%, also higher than the 10-year government bond yield of 3.52% as of December 2 [1] - The Non-Standard & Poor's Hong Kong Stock Connect Low Volatility Dividend Index (SPAHLVHP.SPI) includes 50 high dividend low volatility stocks listed in Hong Kong, with the Hong Kong Stock Connect Low Volatility Dividend ETF (159118) being the lowest fee ETF tracking this index [1] Group 2: Company Dividend Announcements - Postal Savings Bank announced a dividend of RMB 0.123 per share, with an ex-dividend date of January 2, 2026, and a payment date of February 13, 2026; it is part of the 931233.CSI and HSMCHYI.HI indices [1] - CITIC Securities declared a dividend of RMB 0.29 per share, with an ex-dividend date of December 29, 2025, and a payment date of February 13, 2026; it is not part of the 931233.CSI or HSMCHYI.HI indices [2] - Sanhua Intelligent Controls announced a dividend of RMB 0.12 per share, with an ex-dividend date of December 19, 2025; it is not part of the 931233.CSI or HSMCHYI.HI indices [2] - Hong Kong Tong Holdings declared a dividend of HKD 0.06 per share, with an ex-dividend date of December 12, 2025, and a payment date of December 24, 2025; it is not part of the 931233.CSI or HSMCHYI.HI indices [2] - Xinxing Group announced a dividend of HKD 0.02 per share, with an ex-dividend date of December 30, 2025, and a payment date of January 28, 2026; it is not part of the 931233.CSI or HSMCHYI.HI indices [3]

Group 1: Dividend Indices - The China Securities Hong Kong Stock Connect Central Enterprises Dividend Index (931233.CSI) includes 50 stable dividend-paying stocks with high dividend yields, achieving a 1-year dividend yield of 5.70%, surpassing the 10-year government bond yield of 3.85 [1] - The Hang Seng Mainland Enterprises High Dividend Yield Index (HSMCHYI.HI) consists of high dividend stocks listed in Hong Kong, with a 1-year dividend yield of 5.34%, also higher than the 10-year government bond yield of 3.49 [1] - The Non-Standard S&P Hong Kong Stock Connect Low Volatility Dividend Index (SPAHLVHP.SPI) includes 50 high dividend low volatility stocks, with the Hong Kong Stock Connect Dividend Low Volatility ETF (159118) being the lowest fee ETF tracking this index [1] Group 2: Company Dividend Announcements - Agricultural Bank of China announced a dividend of RMB 0.1195 per share, with an ex-dividend date of December 5, 2025, and a payment date of January 26, 2026 [2] - Industrial and Commercial Bank of China declared a dividend of RMB 0.1414 per share, with an ex-dividend date of December 4, 2025, and a payment date of January 26, 2026 [2] - Changan Minsheng Logistics announced a dividend of HKD 0.05493 per share, with an ex-dividend date of December 2, 2025, and a payment date of January 30, 2026 [2] Group 3: Additional Company Dividends - Perfect Medical announced a dividend of HKD 0.076 per share, with an ex-dividend date of December 12, 2025, and a payment date of December 31, 2025 [3] - Chongqing Bank declared a dividend of HKD 0.185075283 per share, with an ex-dividend date of December 2, 2025, and a payment date of January 16, 2026 [3] - Yihe Holdings announced a dividend of HKD 0.15 per share, with an ex-dividend date of December 12, 2025, and a payment date of December 31, 2025 [3] Group 4: Other Company Dividends - Huaxin Handbag International Holdings declared an interim dividend of HKD 0.04 and a special dividend of HKD 0.02 per share, with an ex-dividend date of December 15, 2025, and a payment date of January 9, 2026 [4] - Tianli International Holdings announced a dividend of HKD 0.0429 per share, with an ex-dividend date of February 4, 2026, and a payment date of February 27, 2026 [4] - China Keyway announced a dividend of HKD 0.06 per share, with an ex-dividend date of July 31, 2026, and a payment date of August 21, 2026 [4]

Core Viewpoint - The article emphasizes the importance of dividend strategies in investment, highlighting their ability to provide stable returns through dual sources of income: dividend income and capital appreciation [2][11][48]. Group 1: Nature of Dividend Funds - Dividend funds are fundamentally equity assets, not fixed-income products, despite their high dividend yields [5][11]. - Investors often misinterpret dividend funds as low-risk investments, overlooking their inherent market volatility [8][9]. - The resilience of dividend funds is demonstrated by their performance during market downturns, where they have shown a tendency to recover faster than broader indices [13][14]. Group 2: Understanding Dividend Distribution - Dividend distribution is not a zero-sum game; it reflects a company's financial health and commitment to shareholder returns [18][20]. - Companies that consistently pay dividends are typically in a mature phase with stable cash flows, indicating strong operational performance [19][21]. - The reinvestment of dividends can lead to significant compounding effects over time, enhancing overall returns [21][22]. Group 3: Types of Dividend Indices - There are three main types of dividend indices: traditional dividend strategies focusing on high dividend yields, enhanced dividend strategies incorporating additional factors, and Hong Kong stock dividend strategies benefiting from unique market conditions [30][34][36]. - Enhanced dividend strategies have shown higher excess returns compared to pure high-dividend strategies, albeit with increased volatility [36]. - The concentration of dividend indices in the banking sector necessitates careful consideration for investors concerned about potential market fluctuations [36]. Group 4: Dynamic Nature of Dividend Strategies - Dividend indices are dynamically updated, ensuring that they maintain a relatively high dividend yield by replacing underperforming stocks with new candidates [40][41]. - The relationship between stock price and dividend yield is complex, with market dynamics influencing both [42][43]. - The article concludes that understanding the nuances of dividend strategies can help investors make informed decisions and achieve stable cash flows over the long term [48].

Group 1 - The Hong Kong government has implemented several policies to support the stock market, including lowering stamp duty and optimizing trading mechanisms to enhance market liquidity and attractiveness [1] - Dividend assets are gaining attention due to high returns and low volatility, especially in the context of improving international liquidity and anticipated dividend tax reforms [1][2] - The Hong Kong dividend index is expected to attract medium to long-term capital due to its resilience and stability amid global geopolitical conflicts and trade tensions [1] Group 2 - In a declining interest rate environment, there is a shift in asset allocation focus from growth to returns, leading to increased interest in dividend assets [2] - The Hong Kong Stock Connect Dividend Index has become an important tool for investors seeking high cash flow and low volatility investments, particularly as the overall valuation of the Hong Kong stock market is at historical lows [2] - The issuance of mainland dividend strategy ETFs is rising, which raises expectations for the index's structure, performance, and investability [2] Group 3 - The CSI Hong Kong Stock Connect High Dividend Index has shown outstanding performance in terms of long-term cumulative returns, annualized returns, and risk-adjusted return metrics, indicating strong downside protection and long-term return potential [3] - The index has a balanced structure, focusing on stable sectors such as finance, utilities, communication, and industry, while maintaining a low proportion of real estate, thus achieving high risk diversification [3] - The tracking fund's scale has surpassed 3 billion, with increasing average daily trading volume, reflecting its acceptance and liquidity advantages in actual investments [3] Group 4 - The Hang Seng Index's high dividend indices, while historically significant, are overly concentrated in banking, energy, and real estate sectors, leading to weaker drawdown control and long-term returns [4] - Central state-owned enterprise dividend indices, although supported by policy, are primarily focused on finance and industry, lacking growth elasticity in market capitalization and sectors, making them less attractive for long-term capital [4]