Group 1 - The CSI Hong Kong Stock Connect High Dividend Investment Index decreased by 0.72% as of April 30, 2025, with mixed performance among constituent stocks [1] - China Pacific Insurance led the gains with an increase of 2.74%, followed by China Petroleum with 2.59% and People's Insurance Group with 2.47%, while major banks like China Construction Bank, Industrial and Commercial Bank of China, and Agricultural Bank of China experienced declines [1] - The Hong Kong Dividend ETF (513830) underwent a downward adjustment, with an intraday turnover of 1.49% and a transaction volume of 5.6173 million yuan [1] Group 2 - Under the low interest rate environment, there is a high demand for dividend assets, with the current dividend yield of these assets showing better value compared to government bond yields [2] - Southbound capital has primarily increased allocations in high dividend assets within the banking and telecommunications sectors, while insurance companies are expected to enhance their allocation to high dividend assets due to continuous growth in premium income [2]

Group 1 - The China Securities High Dividend Investment Index has increased by 0.27% as of March 31, 2025, with significant gains from major constituents such as China Construction Bank (up 3.58%) and China Petroleum & Chemical Corporation (up 2.60%) [1] - The index consists of 30 highly liquid, consistently dividend-paying stocks from Hong Kong-listed companies that meet the Stock Connect criteria, weighted by dividend yield to reflect the overall performance of high dividend yield stocks [1] - As of February 28, 2025, the top ten weighted stocks in the index accounted for 46.32% of the total index weight, including companies like COSCO Shipping Holdings and China Shenhua Energy [1] Group 2 - CICC suggests that dividend strategies perform well in volatile markets and can serve as a stabilizing component in investment portfolios, making them suitable for long-term holding [1] - The current market is in a critical phase of performance verification and policy negotiation, with a defensive mindset prevailing, particularly favoring high dividend stocks for absolute and relative returns [2] - The trend of "A-share characteristics" in Hong Kong is ongoing, with high dividend and internet stocks being preferred choices within their respective styles [2]