Bosera China Reform Hong Kong Central-SOEs High Dividend Yield Index ETF (03437.HK) Rises 0.40% Intraday as China Shenhua Passes Interim Dividend of RMB0.98

NewTimeSpace News: As of 14:20 on September 24, the Bosera China Reform Hong Kong Central-SOEs High Dividend Yield Index ETF (03437.HK) rose 0.40% to a latest price of HK$10.060. The ETF has traded 164,700 shares so far today for a turnover of HK$1.6525 million at an average price of HK$10.034, with a turnover rate of 0.18%. It is up 0.40% so far this week. Its current net asset value per unit is HK$10.01, and its assets under management stand at HK$922 million.(Note on scope: the net asset value per unit and assets under management are as of September 23, 2026; the week-to-date change is measured against the closing price of HK$10.020 on September 18.)

On the news front, China Shenhua (01088.HK) held its third extraordinary general meeting of 2026 on September 23 and approved the interim profit distribution plan for the six months ended June 30, 2026, declaring an interim dividend of RMB0.98 per share (tax inclusive), totalling about RMB21.256 billion (tax inclusive). China Shenhua is one of the top ten constituents of the CSI China Reform Hong Kong Connect Central-SOEs High Dividend Yield Index.

Bosera China Reform Hong Kong Central-SOEs High Dividend Yield Index ETF (03437.HK) closely tracks the CSI China Reform Hong Kong Connect Central-SOEs High Dividend Yield Index. Customised by China Reform Investment Co., Ltd., the index selects from Southbound Stock Connect-eligible securities those of companies on the SASAC central SOE list with stable dividend levels and high dividend yields; after liquidity, consecutive-dividend and payout-ratio screens, it picks the top 50 securities by average dividend yield over the past three years. It is weighted by dividend-yield-adjusted freefloat market capitalisation, with a 10% cap on each constituent and a 2% cap on each financials and real estate constituent.

Western Securities believes that in the first half of 2026 the investment side of listed insurers showed a clear trend of "fixed income as the base, enhanced equity, standardised assets, optimised duration", with the industry using long-duration rate bonds to build a stable return base and high-dividend blue chips and quality equity assets to add return elasticity; the balanced "high dividend + long duration + moderate equity" allocation paradigm has been further consolidated and has become insurers' core strategy for coping with falling interest rates and achieving sound asset-liability matching.

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