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。 中证港股通央企红利指数（931233.CSI）指数，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11月24日，该指数近1年股息率是5.68%，高于同 期10年期国债收益率3.86%，港股央企红利ETF（513910）是跟踪该指数规模最大的投资标的。 尝高美集团：每股0.08港元，除净日：2025-12-04，派息日期：2025-12-22；恒生行业：餐饮，非中证 港股通央企红利指数（931233.CSI）指数的成分股，非恒生中国内地企业高股息率指数的成分股。 中国中免：每股0.2745港元，除净日：2025-12-08，派息日期：2026-01-15；恒生行业：旅游及观光， 非中证港股通央企红利指数（931233.CSI）指数的成分股，非恒生中国内地企业高股息率指数的成分 股。 经济日报集团：每股0.03港元，除净日：2025-12-04，派息日期：2025-12-19；恒生行业：出版，非中 证港股通央企红利指数（931233. ...

恒生中国内地企业高股息率（HSMCHYI.HI）指数，筛选打包在港上市，内地公司中的高股息股票； 截至11月24日，该指数近1年股息率是5.35%，高于同期10年期国债收益率3.52%，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。 简单投资，加点红利！ 中证港股通央企红利指数（931233.CSI）指数，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11月24日，该指数近1年股息率是5.68%，高于同 期10年期国债收益率3.86%，港股央企红利ETF（513910）是跟踪该指数规模最大的投资标的。 尝高美集团：每股0.08港元，除净日：2025-12-04，派息日期：2025-12-22；恒生行业：餐饮，非中证 港股通央企红利指数（931233.CSI）指数的成分股，非恒生中国内地企业高股息率指数的成分股。 中国中免：每股0.2745港元，除净日：2025-12-08，派息日期：2026-01-15；恒生行业：旅游 ...

南旋控股：每股0.11港元，除净日为2025-12-05，派息日期为2025-12-19；恒生行业为服装，非中证港 股通央企红利指数（931233.CSI）指数的成分股，非恒生中国内地企业高股息率指数的成分股。 中证港股通央企红利指数（931233.CSI）指数，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11月21日，该指数近1年股息率是5.73%，高于同 期10年期国债收益率3.91%，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（HSMCHYI.HI）指数，筛选打包在港上市，内地公司中的高股息股票； 截至11月21日，该指数近1年股息率是5.39%，高于同期10年期国债收益率3.57%，恒生红利ETF （159726）是跟踪该指数的唯一ETF。 每日经济新闻 中信建投证券：每股0.181港元，除净日为2025-11-25，派息日期为2025-12-30；恒生行业为证券及经 纪，非中证港股通央企红利指数（931233.CSI）指数的成分股，非恒生中国内地企业高股息率指数的成 分股。 震雄集团：每股0.03 ...

（原标题：中国石油化工股份(00386.HK)11月21日回购3677.77万港元，年内累计回购14.17亿港元） 证券时报•数据宝统计，中国石油化工股份在港交所公告显示，11月21日以每股4.420港元至4.560港元的价格回购825.00万股，回购金额达3677.77 万港元。该股当日收盘价4.430港元，下跌2.85%，全天成交额7.64亿港元。 自10月30日以来公司已连续17日进行回购，合计回购8023.00万股，累计回购金额3.51亿港元。 其间该股累计上涨4.98%。 今年以来该股累计进行50次回购，合计回购3.03亿股，累计回购金额14.17亿港元。（数据宝） 近五日涨跌: -3.30% 资金流向：最新份额为3.3亿份，增加了650.0万份，净申赎898.6 万元。 基金有风险,投资需谨慎. 注：本文系新闻报道，不构成投资建议，股市有风险，投资需谨慎。 港股回购 港股回购、公司回购、回购、股份回购、港股 相关ETF 恒生红利ETF (产品代码：159726) ★ 跟踪：恒生中国内地企业高股息率指数 中国石油化工股份回购明细 | 日期 | 回购股数 | 回购最高价 | 回购最低价 | 回购金额 ...

春立医疗：每股0.2304港元，除净日：2025-11-24，派息日期：2026-01-19；恒生行业：医疗设备及用 品，非中证港股通央企红利指数（931233.CSI）指数的成分股，非恒生中国内地企业高股息率指数的成 分股。 网易-S：每股0.114美元，除净日：2025-12-04，派息日期：2025-12-16；恒生行业：游戏软件，非中证 港股通央企红利指数（931233.CSI）指数的成分股，非恒生中国内地企业高股息率指数的成分股。 简单投资，加点红利！ 中证港股通央企红利指数（931233.CSI）指数，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11月20日，该指数近1年股息率是5.63%，高于同 期10年期国债收益率3.81%，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（HSMCHYI.HI）指数，筛选打包在港上市，内地公司中的高股息股票； 截至11月20日，该指数近1年股息率是5.30%，高于同期10年期国债收益率3.48%，恒生红利ETF （159726）是跟踪该指数的唯一ETF。 莎莎国 ...

Market Overview - On November 19, the Hang Seng Index fell by 0.38%, closing at 25,830.65 points, with a total net inflow of HKD 6.591 billion through the southbound trading channel [1] - The total trading volume for the southbound trading was HKD 83.946 billion, with a net buy of HKD 6.591 billion [1] Trading Activity - In the Shanghai-Hong Kong Stock Connect, the total trading amount was HKD 49.962 billion, with a net buy of HKD 2.489 billion; in the Shenzhen-Hong Kong Stock Connect, the trading amount was HKD 33.983 billion, with a net buy of HKD 4.101 billion [1] - The most actively traded stock in the Shanghai-Hong Kong Stock Connect was Xiaomi Group-W, with a trading volume of HKD 63.43 billion, followed by Alibaba-W and Tencent Holdings, with trading volumes of HKD 43.48 billion and HKD 23.65 billion, respectively [1] Stock Performance - Xiaomi Group-W had the highest net buy amount of HKD 2.160 billion, despite a closing price drop of 4.81% [1] - The stock with the highest net sell amount was the Tracker Fund of Hong Kong, with a net sell of HKD 0.977 billion, closing down by 0.31% [1] - In the Shenzhen-Hong Kong Stock Connect, Xiaomi Group-W also led in trading volume with HKD 42.435 billion, while Alibaba-W and SMIC followed with HKD 28.43 billion and HKD 14.45 billion, respectively [2] - Alibaba-W recorded the highest net buy amount of HKD 1.144 billion, closing up by 1.16% [2] - The Tracker Fund of Hong Kong again had the highest net sell amount of HKD 0.507 billion, closing down by 0.31% [2]

Core Viewpoint - Yuehai Investment (00270.HK) has announced the acceptance of a commitment for a term loan of HKD 2.25 billion from a bank, intended for general corporate financing needs, including refinancing existing debts, excluding real estate, toll roads, and power plant financing [1]. Group 1: Financial Details - The term of the loan financing is set for 364 days from the date of the first drawdown [1]. - As of November 19, 2025, Yuehai Investment's stock closed at HKD 7.58, reflecting an increase of 0.93% with a trading volume of 5.6246 million shares and a turnover of HKD 42.4587 million [1]. - The market capitalization of Yuehai Investment is HKD 49.099 billion, ranking first in the water utility sector [2]. Group 2: Analyst Ratings - The majority of investment banks have rated Yuehai Investment as a "Buy," with six banks issuing buy ratings in the last 90 days [1]. - The average target price over the last 90 days is HKD 9.11, with the latest report from Changjiang Securities also giving a "Buy" rating [1]. - Detailed ratings from various investment banks include: - Changjiang Securities: Buy, date: October 30, 2025 - Huatai Securities: Buy, target price: HKD 9.11, date: October 30, 2025 - Dongwu Securities: Buy, date: October 28, 2025 - Other banks also provided buy ratings [1]. Group 3: Key Performance Indicators - Key performance indicators for Yuehai Investment compared to the industry average are as follows: - Return on Equity (ROE): 8.25% vs. industry average of 1.5% - Market capitalization: HKD 49.099 billion vs. industry average of HKD 5.647 billion - Revenue: HKD 15.643 billion vs. industry average of HKD 4.687 billion - Net profit margin: 31.52% vs. industry average of -4.06% - Gross profit margin: 55.65% vs. industry average of 36.71% - Debt ratio: 42.48% vs. industry average of 174.52% [2].

Core Viewpoint - The Heng Seng Dividend ETF (513950) has shown a positive trend in financing activities, with a net buy of 431,300 yuan on November 18, 2025, indicating increased investor interest and confidence in the market [1][2]. Financing Activities Summary - On November 18, 2025, the financing buy amounted to 2,667,800 yuan, while financing repayment was 2,236,600 yuan, resulting in a net financing increase of 431,300 yuan [1]. - The financing balance reached 24,194,100 yuan, marking a 1.81% increase from the previous day [2][3]. - Over the past three trading days, the cumulative net buy has totaled 1,868,800 yuan, reflecting a consistent upward trend in financing activities [1]. Margin Trading Summary - The margin trading balance on November 18, 2025, was 24,194,100 yuan, which is an increase of 431,300 yuan, or 1.81%, compared to the previous day [3]. - The margin trading balance has fluctuated over the past week, with notable changes including a decrease of 1,450,800 yuan on November 13, 2025, indicating volatility in investor sentiment [3].

Core Viewpoint - On November 18, the Hang Seng Index fell by 1.72%, closing at 25,930.03 points, while southbound funds through the Stock Connect recorded a net inflow of 7.466 billion HKD [1]. Group 1: Market Activity - The total trading volume for the Stock Connect on November 18 was 98.354 billion HKD, with a net buy of 7.466 billion HKD [1]. - The Shanghai Stock Connect had a trading volume of 61.750 billion HKD and a net buy of 2.745 billion HKD, while the Shenzhen Stock Connect had a trading volume of 36.604 billion HKD and a net buy of 4.721 billion HKD [1]. Group 2: Active Stocks - In the Shanghai Stock Connect, Alibaba-W had the highest trading volume at 5.863 billion HKD, followed by Tencent Holdings and Xiaomi Group with trading volumes of 3.912 billion HKD and 3.075 billion HKD, respectively [1]. - Alibaba-W recorded a net buy of 1.678 billion HKD despite a closing price drop of 0.19%, while Tencent Holdings had the highest net sell of 0.831 billion HKD, closing down by 2.04% [1]. - In the Shenzhen Stock Connect, Alibaba-W also led with a trading volume of 3.416 billion HKD and a net buy of 1.618 billion HKD, closing down by 0.19% [2].

Core Viewpoint - China Petroleum & Chemical Corporation (Sinopec) has been actively repurchasing its shares, indicating a strategy to enhance shareholder value and potentially signal confidence in its stock performance [1][2]. Share Buyback Details - On November 17, Sinopec repurchased 3.788 million shares at a price range of HKD 4.390 to HKD 4.440, totaling HKD 16.7384 million [1]. - The stock closed at HKD 4.430 on the same day, reflecting a slight increase of 0.23%, with a total trading volume of HKD 403 million [1]. - Since October 30, the company has conducted buybacks for 13 consecutive days, acquiring a total of 52.356 million shares for a cumulative amount of HKD 22.5 million, during which the stock price increased by 4.98% [2]. Year-to-Date Buyback Summary - Year-to-date, Sinopec has executed 43 buybacks, totaling 270 million shares and an aggregate repurchase amount of HKD 1.261 billion [3]. - The detailed buyback transactions include various dates, share quantities, and prices, showcasing a consistent approach to share repurchase throughout the year [3].