Group 1 - The core viewpoint of the article highlights the increasing demand for stable returns among investors amid global economic uncertainty and ongoing volatility in equity markets, with Hong Kong stocks becoming a focal point due to their low valuations and high dividend yields [1] - The attractiveness of dividend strategies has significantly increased in the context of a low interest rate environment and widening interest rate differentials between China and the U.S., as these strategies exhibit "bond-like" characteristics [1] - The Hang Seng Index's price-to-earnings ratio remains at historical lows, indicating that Hong Kong stocks are undervalued compared to major global indices, which enhances the appeal of dividend strategies [1] Group 2 - The Hong Kong Stock Connect High Dividend (HKD) Index, tracked by the dividend-focused Hong Kong ETF, is compiled by China Securities Index Co., Ltd., and includes 30 high dividend yield securities that are liquid and consistently pay dividends [1] - The index primarily focuses on high-quality companies with stable dividend capabilities, covering a wide range of industries but mainly concentrated in traditional sectors such as real estate and energy [1]