On January 5th, Hang Seng Index Company authorized Huaxia Fund to use the Hang Seng Stock Connect Chinese SOE Dividend Index as the underlying index for the exchange-traded fund - Huaxia Hang Seng Stock Connect Chinese SOE Dividend ETF. The fund was listed on the Shanghai Stock Exchange on January 5th, 2024. As of December 14th, 2023, the total value of the fund's assets under management was approximately 339 million RMB. With the strong market interest in central enterprises, the launch of the Hang Seng Stock Connect Chinese SOE Dividend Index aims to reflect the overall performance of Hong Kong-listed securities with high dividends, which can be traded through the Stock Connect and have mainland central enterprises as the largest shareholders. In terms of performance, the Hang Seng Stock Connect Chinese SOE Dividend Index recorded a total return of 7.4% in 2023, significantly outperforming the market represented by the 10.7% decline in the Hang Seng Composite Index. Additionally, as of December 29th, 2023, the dividend yield of the Hang Seng Stock Connect Chinese SOE Dividend Index was 7.9%, with a price-earnings ratio of 4.9 times, while the dividend yield of the Hang Seng Composite Index was 3.9%, with a price-earnings ratio of 12.1 times.