Core Viewpoint - The Hong Kong Stock Connect Central State-Owned Enterprises Dividend ETF (159266) has experienced a decline in both share count and total assets since the beginning of the year, indicating potential challenges in attracting investor interest [1][2]. Fund Overview - The fund was established on July 23, 2025, with an annual management fee of 0.50% and a custody fee of 0.10% [1]. - As of February 26, 2025, the fund's total shares stood at 521 million, with a total size of 548 million yuan [1]. - The fund's share count has decreased by 15.43% and its total size has decreased by 10.36% since December 31, 2025 [1]. Liquidity Analysis - Over the last 20 trading days, the cumulative trading amount for the fund was 321 million yuan, with an average daily trading amount of 16.03 million yuan [1]. Fund Management - The current fund managers are Liu Tingyu and Cai Leping, with Liu managing the fund since its inception and achieving a return of 3.04%, while Cai has managed it since November 5, 2025, with a return of 0.20% [2]. Top Holdings - The fund's major holdings include: - COSCO Shipping Holdings (4.14% of holdings) - China Shenhua Energy (2.69%) - CNOOC (2.58%) - Sinopec Engineering (2.57%) - China National Offshore Oil Corporation (2.54%) - China Merchants Industry Holdings (2.46%) - CITIC International Communications (2.39%) - PetroChina (2.38%) - China Coal Energy (2.38%) - China Construction Bank (2.29%) [2][3].

Core Viewpoint - The Hong Kong Stock Connect Central State-Owned Enterprises Dividend ETF (159266) experienced a decline of 1.64% in its closing price on February 13, with a trading volume of 12.8849 million yuan [1]. Group 1: Fund Overview - The fund was established on July 23, 2025, and is officially named Yongying CSI Hong Kong Stock Connect Central State-Owned Enterprises Dividend ETF [1]. - The management fee is set at 0.50% per annum, while the custody fee is 0.10% per annum [1]. - The fund's performance benchmark is the CSI Hong Kong Stock Connect Central State-Owned Enterprises Dividend Index return (calculated based on valuation exchange rates) [1]. Group 2: Fund Size and Performance - As of February 12, 2025, the fund had a total of 539 million shares and a total size of 565 million yuan [1]. - Compared to December 31, 2025, the fund's shares decreased by 12.51% and its size decreased by 7.47% [1]. Group 3: Liquidity - Over the last 20 trading days, the cumulative trading amount for the fund was 265 million yuan, with an average daily trading amount of 13.2605 million yuan [1]. Group 4: Fund Management - The current fund managers are Liu Tingyu and Cai Leping, with Liu managing the fund since July 23, 2025, achieving a return of 3.01%, and Cai managing since November 5, 2025, with a return of 0.17% [2]. Group 5: Top Holdings - The fund's top holdings include: - COSCO Shipping Holdings (4.14% of holdings) - China Shenhua Energy (2.69%) - CNOOC (2.58%) - Sinopec Engineering (2.57%) - China National Offshore Oil Corporation (2.54%) - China Merchants Industry Holdings (2.46%) - CITIC International Communications (2.39%) - PetroChina (2.38%) - China Coal Energy (2.38%) - China Construction Bank (2.29%) [2][3].

Core Viewpoint - The Hong Kong Stock Connect Central State-Owned Enterprises Dividend ETF (159266) has shown a slight increase in its closing price, with a trading volume of 10.76 million yuan on February 11, 2025. The fund has experienced a decrease in both share count and total assets since the beginning of the year [1]. Group 1: Fund Overview - The Hong Kong Stock Connect Central State-Owned Enterprises Dividend ETF (159266) was established on July 23, 2025, with an annual management fee of 0.50% and a custody fee of 0.10% [1]. - As of February 10, 2025, the fund's latest share count is 544 million, and its total size is 565 million yuan. This represents a decrease of 11.69% in share count and 7.63% in total size since December 31, 2025, when the share count was 616 million and the total size was 611 million yuan [1]. Group 2: Liquidity and Trading Activity - Over the last 20 trading days leading up to February 11, 2025, the cumulative trading amount for the fund was 250 million yuan, with an average daily trading amount of 12.5 million yuan [1]. Group 3: Fund Management and Holdings - The current fund managers are Liu Tingyu and Cai Leping, with Liu managing the fund since July 23, 2025, achieving a return of 3.01%, while Cai has managed it since November 5, 2025, with a return of 0.17% [2]. - The fund's top holdings include China COSCO Shipping, China Shenhua Energy, CNOOC, Sinopec Engineering, China National Offshore Oil Corporation, China Merchants Energy Shipping, CITIC International, PetroChina, China Coal Energy, and China Construction Bank, with respective holding percentages detailed in the following section [2]. Group 4: Top Holdings Breakdown - The top holdings and their respective percentages are as follows: - China COSCO Shipping: 4.14% (2.537 million yuan) - China Shenhua Energy: 2.69% (1.647 million yuan) - CNOOC: 2.58% (1.576 million yuan) - Sinopec Engineering: 2.57% (1.573 million yuan) - China National Offshore Oil Corporation: 2.54% (1.549 million yuan) - China Merchants Energy Shipping: 2.46% (1.506 million yuan) - CITIC International: 2.39% (1.461 million yuan) - PetroChina: 2.38% (1.456 million yuan) - China Coal Energy: 2.38% (1.455 million yuan) - China Construction Bank: 2.29% (1.401 million yuan) [3].

Group 1 - The Hong Kong Stock Connect Central State-Owned Enterprises Dividend ETF (513920) experienced a decline of 0.18% on February 6, with a trading volume of 190 million yuan [1] - The fund's shares increased by 3 million to a total of 3.961 billion shares, although there was a reduction of 10.5 million shares over the past 20 trading days [1] - The latest net asset value of the ETF is calculated to be 6.708 billion yuan [1] Group 2 - The performance benchmark for the ETF is the Hang Seng Stock Connect China Central State-Owned Enterprises Dividend Index return (adjusted for exchange rates) [1] - The fund is managed by Huaan Fund Management Co., Ltd., with the fund manager being Ni Bin [1] - Since its establishment on December 20, 2023, the fund has achieved a return of 79.03%, with a monthly return of 3.69% [1]

Group 1 - The Hong Kong Stock Connect Central State-Owned Enterprises Dividend ETF (159266) experienced a net redemption of 1.0161 million yuan on February 4, ranking 37th out of 212 in cross-border ETF net outflows [1] - As of February 4, the latest scale of the ETF is 569 million yuan, with a previous day's scale of 562 million yuan, indicating a net outflow of 0.18% compared to the previous day's scale [1] - Over the past 5 days, the ETF faced a net redemption of 5.0294 million yuan, ranking 49th out of 212 in cross-border ETF net outflows [1] Group 2 - The ETF's latest share count is 556 million shares, down 9.74% from 616 million shares at the end of December 31, 2025, and its scale decreased by 6.86% from 611 million yuan [2] - The cumulative trading amount over the last 20 trading days is 254 million yuan, with an average daily trading amount of 12.718 million yuan [2] - The current fund managers are Liu Tingyu and Cai Leping, with Liu managing since July 23, 2025, achieving a return of 2.43%, while Cai has been managing since November 5, 2025, with a return of -0.39% [2] Group 3 - The ETF's top holdings include COSCO Shipping Holdings, China Shenhua Energy, CNOOC, Sinopec Engineering, China National Offshore Oil Corporation, and others, with respective holding percentages and market values detailed [2] - Other ETFs tracking the same index include Huaxia Central State-Owned Enterprises Dividend ETF, Wanji Central State-Owned Enterprises Dividend ETF, and Tianhong Central State-Owned Enterprises Dividend ETF, with their respective scales and liquidity metrics provided [2]

Core Viewpoint - The Hong Kong Stock Connect Central State-Owned Enterprises Dividend ETF (159266) experienced a net redemption of 4.0133 million yuan on February 3, ranking 38th out of 212 in cross-border ETF net outflows [1] Group 1: Fund Performance - As of February 3, the latest size of the Hong Kong Stock Connect Central State-Owned Enterprises Dividend ETF (159266) is 562 million yuan, down from 564 million yuan the previous day, with a net outflow of 0.71% of the previous day's size [1] - Year-to-date, the fund's shares have decreased by 9.58% and its size has decreased by 8.03% compared to December 31, 2025, when the shares were 616 million and the size was 611 million yuan [2] Group 2: Liquidity and Trading Activity - Over the last 20 trading days, the cumulative trading amount for the ETF is 254 million yuan, with an average daily trading amount of 12.6913 million yuan [2] - In the 22 trading days this year, the cumulative trading amount is 266 million yuan, with an average daily trading amount of 12.0983 million yuan [2] Group 3: Fund Management and Holdings - The current fund managers are Liu Tingyu and Cai Leping, with Liu managing the fund since July 23, 2025, achieving a return of 0.96%, while Cai has managed it since November 5, 2025, with a return of -1.82% [2] - Major holdings in the fund include China COSCO Shipping, China Shenhua Energy, CNOOC, Sinopec Engineering, China National Offshore Oil Corporation, and others, with respective holding percentages and market values detailed [2]

Core Viewpoint - The Hong Kong Stock Connect Central State-Owned Enterprises Dividend ETF (159266) experienced significant net redemptions, indicating a trend of outflow from this fund in the recent trading period [1][2]. Fund Performance - As of January 14, the latest size of the Hong Kong Stock Connect Central State-Owned Enterprises Dividend ETF (159266) is 582 million yuan, down from 613 million yuan the previous day, reflecting a net outflow of 26.87 million yuan, which is 4.38% of the previous day's size [1][2]. - Year-to-date, the fund's shares have decreased by 5.85% and its size has decreased by 4.69% compared to December 31, 2025 [2]. Trading Activity - Over the last 20 trading days, the cumulative trading amount for the ETF is 189 million yuan, with an average daily trading amount of 9.46 million yuan [2]. - In the current year, the ETF has recorded a cumulative trading amount of 81.91 million yuan over 8 trading days, averaging 10.24 million yuan per day [2]. Fund Management - The current fund managers are Liu Tingyu and Cai Leping, with Liu managing the fund since July 23, 2025, achieving a return of 0.48%, while Cai has managed it since November 5, 2025, with a return of -2.29% [2]. Top Holdings - The ETF's top holdings include COSCO Shipping Holdings, China Nonferrous Mining, China National Offshore Oil, and others, with significant percentages of the portfolio allocated to these stocks [2]. - For example, COSCO Shipping Holdings accounts for 6.08% of the portfolio, while China Nonferrous Mining accounts for 3.25% [2]. Comparative Analysis - Other ETFs tracking the same index include Huaxia Central State-Owned Enterprises Dividend ETF (513910), Wanji Central State-Owned Enterprises Dividend ETF (159333), and Tianhong Central State-Owned Enterprises Dividend ETF (159281), with varying sizes and liquidity metrics [2]. - As of January 14, the Huaxia ETF has a size of 5.195 billion yuan, while the Tianhong ETF has a size of 3.52 billion yuan [2].

Group 1 - The Hong Kong Stock Connect Central State-Owned Enterprises Dividend ETF (159266) experienced a decline of 0.20% on January 12, with a trading volume of 7.7398 million yuan [1] - The fund's shares decreased by 1 million, bringing the total shares to 607 million, with a reduction of 72 million shares over the last 20 trading days [1] - The latest net asset value of the fund is calculated to be 608 million yuan [1] Group 2 - The performance benchmark for the Hong Kong Stock Connect Central State-Owned Enterprises Dividend ETF is the CSI Hong Kong Stock Connect Central State-Owned Enterprises Dividend Index return rate, adjusted for valuation exchange rates [1] - The fund is managed by Yongying Fund Management Co., Ltd., with fund managers Liu Tingyu and Cai Leping [1] - Since its establishment on July 23, 2025, the fund has returned 0.26%, while the return over the past month is -0.92% [1]

Group 1 - The Hong Kong Stock Connect Central State-Owned Enterprises Dividend ETF (159266) increased by 0.40% on January 9, with a trading volume of 10.14 million yuan [1] - The fund's shares decreased by 3 million, bringing the total shares to 608 million, with a reduction of 71 million shares over the last 20 trading days [1] - The latest net asset value of the fund is calculated at 609 million yuan [1] Group 2 - The performance benchmark for the ETF is the CSI Hong Kong Stock Connect Central State-Owned Enterprises Dividend Index return rate, adjusted for valuation exchange rates [1] - The fund is managed by Yongying Fund Management Co., Ltd., with fund managers Liu Tingyu and Cai Leping [1] - Since its establishment on July 23, 2025, the fund has returned 0.20%, while the return over the past month is -1.15% [1]

Group 1 - The Hong Kong Stock Connect Central State-Owned Enterprises Dividend ETF (159266) experienced a decline of 0.30% on January 8, with a trading volume of 6.302 million yuan [1] - The fund's shares decreased by 3 million, bringing the total shares to 611 million, with a reduction of 69 million shares over the past 20 trading days [1] - The latest net asset value of the ETF is calculated to be 611 million yuan [1] Group 2 - The performance benchmark for the Hong Kong Stock Connect Central State-Owned Enterprises Dividend ETF is the CSI Hong Kong Stock Connect Central State-Owned Enterprises Dividend Index return rate, adjusted for valuation exchange rates [1] - The fund is managed by Yongying Fund Management Co., Ltd., with fund managers Liu Tingyu and Cai Leping [1] - Since its establishment on July 23, 2025, the fund has returned 0.07%, while the return over the past month is -2.87% [1]