Group 1 - The article highlights the increasing market volatility due to overseas geopolitical disturbances, leading to heightened interest in defensive dividend assets, particularly the dividend ETF focused on state-owned enterprises in Hong Kong [1][2] - The Hong Kong dividend ETF (520900) has shown strong performance, with a year-to-date increase of over 5% as of June 24, indicating its robust ability to withstand market fluctuations [1] - The low interest rate environment enhances the long-term attractiveness of high-dividend state-owned enterprises, making index-based tools like the Hong Kong dividend ETF a convenient option for investors seeking dividend income while diversifying risk [1] Group 2 - The China Securities New Hong Kong Stock Connect State-Owned Enterprise Dividend Index focuses on state-owned enterprises with stable dividend levels and high dividend yields within the Hong Kong Stock Connect range, with significant representation from the oil and petrochemical (29.0%), telecommunications (23.5%), and coal (14.2%) sectors [2] - The top ten constituent stocks of the index include major state-owned enterprises, benefiting from the long-term advantages of the energy and telecommunications sectors [2] - GF Fund Management has developed a diverse range of dividend asset allocation tools, with the Hong Kong dividend ETF (520900) becoming a key instrument for investors navigating complex market conditions [2]