Representative weighting stocks in the dividend sector are still at low levels, making use of the Hong Kong Stock Connect Dividend ETF to expand the layout.

On January 22nd, the three major A-share indexes hit bottom and rebounded across the board. By the close of trading, the Hang Seng Index-linked dividend ETF of Guangfa rose by 1.55%, with a turnover of 85.86 million yuan. Zheshang Securities stated that the valuation of weighted stocks represented by the dividend sector is currently at historically low levels, reflecting both the potential for asset reassessment brought about by the appreciation of the renminbi and its defensive value in the stability of profits during the process of economic structural transformation. Guojin Securities believes that the Hong Kong dividend sector can serve as a long-term strategic core position, enhancing defensiveness and providing continuous dividend returns. Recommendations include focusing on undervalued central SOEs and non-financial sectors. In the first half of 2026, long-term interest rates are expected to remain low and fluctuate, along with overseas loosening. Southbound funds and long-term funds such as insurance capital continue to increase allocations. Compared to A-shares, the dividend advantages of Hong Kong stocks are still present, with a dual foundation of valuation rebound and stable cash returns. The Guangfa Hang Seng Index-linked dividend ETF and its off-market connections provide investors with a convenient access to Hong Kong dividend assets, allowing for steady returns and long-term value appreciation.