Core Viewpoint - The dividend indices in China and Hong Kong experienced declines, with significant capital inflows into related products despite the downturn [1][2][3]. Group 1: Index Performance - The CSI Dividend Index and CSI Dividend Value Index both fell by 1.6% [1]. - The Hang Seng High Dividend Low Volatility Index decreased by 1.5% [1]. - The CSI Dividend Low Volatility Index saw a decline of 1.3% [1]. Group 2: Fund Inflows - The Hang Seng Dividend Low Volatility ETF (159545) recorded a net subscription of 93.6 million units within half a day [1]. Group 3: Index Composition and Characteristics - The CSI Dividend Index consists of 100 stocks with high cash dividend yields and stable dividends, primarily from the banking, coal, and transportation sectors, which together account for over 55% [2]. - The CSI Dividend Low Volatility Index is made up of 50 stocks with good liquidity and continuous dividends, with a significant representation from the banking, transportation, and construction sectors, totaling nearly 70% [3]. - The Hang Seng High Dividend Low Volatility Index includes 50 stocks from the Hong Kong Stock Connect, focusing on those with moderate dividend payout ratios and low volatility, with financial, industrial, and energy sectors making up nearly 70% [3]. - The CSI Dividend Value Index is composed of 50 stocks with high dividend yields and value characteristics, with banking, coal, and transportation sectors representing about 80% [3].