Likes ReceivedThe dividend sector continues to strengthen! The Huaxia China State-Owned Enterprises Dividend ETF (Stock Connect) (513910) rose 0.89% against the trend.
As of 13:40 on July 30, 2026, the three major indices in A-shares and Hong Kong stocks adjusted across the board. The Huaxia China State-Owned Enterprises Dividend ETF via Stock Connect (513910) rose counter-trend by 0.89%, with a latest quote of 1.592 RMB. Intraday real-time trading volume reached 254 million RMB, ranking first among similar products. Among constituent stocks, CNOOC led the gains with a 3.23% increase, followed by Agricultural Bank of China up 3.01%, China Everbright Bank up 1.89%, Industrial and Commercial Bank of China up 1.87%, and PetroChina up 1.71%.
Market volatility has intensified recently, leading to a cooling of investor risk appetite. Capital rotation patterns are clear, with substantial funds moving from overvalued tech sectors to undervalued dividend segments. As of July 28, net inflows into dividend ETFs across the market approached 2.5 billion RMB. The macroeconomic logic supporting dividend assets remains valid: the domestic accommodative interest rate environment continues, with the 10-year government bond yield at 1.74%, stabilizing in the low 1.7% range since mid-April. Meanwhile, the dividend yield of the China State-Owned Enterprises Dividend Index via Stock Connect stands at 5.27%, creating a significant yield spread against risk-free rates, providing a ample safety cushion for holding capital. The short-term index's anti-volatility advantage and allocation value are expected to continue attracting capital. Coupled with a market environment of moderate economic recovery, capital prefers assets with stronger return certainty, continuously enhancing the appeal of high-dividend varieties.
Looking ahead, the low-interest-rate environment will continue to support the dividend theme. With ongoing improvements in the market value management and dividend mechanisms of central and state-owned enterprises, their willingness and capacity to pay dividends are steadily increasing, ensuring strong sustainability for the high-dividend track. The Huaxia China State-Owned Enterprises Dividend ETF via Stock Connect (513910) closely tracks the CSI China State-Owned Enterprises Dividend Index via Stock Connect. This index selects listed companies within the Stock Connect scope that are controlled by central SOEs, have stable dividends, and offer high dividend yields, combining the triple premium attributes of "Hong Kong Stocks + Central SOEs + Dividends." Fund holdings are mainly concentrated in banking, transportation, telecommunications, petroleum and petrochemicals, and non-bank financial sectors. These enterprises feature stable cash flows, robust profitability, and sustainable dividends, posing minimal risk of major earnings surprises, making them typical 稳健 long-term allocation assets. As of the previous trading day, the latest scale of the Huaxia China State-Owned Enterprises Dividend ETF was 3.308 billion RMB, ranking first among products tracking the same index.
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