"National Team" Places Order! Guoxin Investment Subscribes to the First Issue of Hong Kong Stock Connect State-owned Enterprises Dividend ETF.

2024-06-19 14:17

Zhitongcaijing
On June 19, the official website of Guoxin Investment, a subsidiary of China National Investment Corporation, announced that the China National Investment, in collaboration with leading institutions in the market such as Guangfa Fund, Southern Fund, and Invesco Great Wall Fund, officially started the issuance of the CSI Guoxin Hong Kong Stock Connect State-owned Enterprises Dividend ETF. Guoxin Investment subscribed to the initial shares of the ETF on June 19.
On June 19, the official website of Guoxin Investment, a subsidiary of China's Guoxin, announced that Guoxin Investment, in cooperation with leading institutions in the market such as GF Fund, Southern Fund, and Invesco Great Wall Fund, has officially launched the CSI Guoxin Hong Kong Stock Connect SOE Dividend ETF. Guoxin Investment subscribed to the initial shares of the ETF on June 19, sending a positive signal of confidence in the long-term value of Hong Kong-listed SOEs. This also demonstrates the responsibility of state-owned capital operation companies in maintaining the market value of SOEs and enhancing the pricing power of Hong Kong-listed SOE companies.
Building on the success of the first batch of "1+N" series of SOE indices and ETFs, Guoxin Investment, in collaboration with China Securities Index Co., created the CSI Guoxin Hong Kong Stock Connect SOE Dividend Index. The ETF is another SOE-themed product in the Guoxin 1+N index system, following in the footsteps of the SOE Shareholder Return, SOE Technology Leadership, and SOE Modern Energy ETFs.
The index, jointly compiled by Guoxin Investment and China Securities Index Co., selects stable dividend-paying and high dividend yield listed companies from the list of SOEs under the State-owned Assets Supervision and Administration Commission of the State Council within the scope of the Hong Kong Stock Connect as index samples, aiming to reflect the overall performance of high dividend-paying SOE listed companies within the Hong Kong Stock Connect.
In terms of constituent stocks, the index primarily focuses on sectors such as energy and telecommunications services, with top ten holdings including leading companies such as China Shenhua (01088), China Mobile (00941), China Telecom (00728), and China Unicom (00762).
Guoxin Investment points out that under the continuous deepening of state-owned enterprise reform and the policy orientation of enhancing cash dividends for listed companies in the new "Nine Policies," the index has long-term investment value. By collaborating with professional institutions to establish multi-currency ETF products in both the domestic and Hong Kong markets, it aims to promote coordination between domestic and international capital markets and attract more international capital and industrial resources to high-quality Hong Kong-listed SOE companies.
Industry experts believe that the launch of the CSI Guoxin Hong Kong Stock Connect SOE Dividend ETF has two significant innovations. Firstly, as the first SOE-themed ETF in the Hong Kong market, it is of great significance in supporting overseas-listed SOEs and enriching the variety of assets in the Hong Kong market. Secondly, the simultaneous issuance and listing of ETFs in two markets is a pioneering initiative that integrates resources and promotes coordination between the two markets.