Bosera China Reform Hong Kong Central-SOEs High Dividend Yield Index ETF (03437.HK) Rises 1.45% Intraday as COSCO Shipping Completes RMB755 Million Buyback
- Bosera China Reform HK Central-SOEs High Dividend Yield Index ETF rose 1.45% intraday to HK$9.790, on turnover of HK$3.39 million and a 0.37% turnover rate
- COSCO Shipping Holdings repurchased 50.0175 million A shares for about RMB755 million and will cancel them on October 8
- China Galaxy Securities sees Hong Kong stocks trading on short-term recovery and structural defence, lifting the case for low-volatility dividend exposure
NewTimeSpace News: As of 13:38 on October 8, the Bosera China Reform Hong Kong Central-SOEs High Dividend Yield Index ETF (03437.HK) rose 1.45% to a latest price of HK$9.790. The ETF has traded 344,900 shares so far today for a turnover of HK$3.3894 million at an average price of HK$9.828, with a turnover rate of 0.37%. It is up 1.87% so far this week. Its current net asset value per unit is HK$9.667, and its assets under management stand at HK$901.4 million.(Note on scope: the net asset value per unit and assets under management are as of October 7, 2026; the week-to-date change is measured against the closing price of HK$9.610 on October 2.)
On the news front, COSCO Shipping Holdings (01919.HK) published the results of its A-share buyback on October 7, having repurchased 50.0175 million A shares, or 0.3276% of total share capital, for about RMB755 million at prices of RMB13.69 to RMB16.42 per share; the repurchased shares will be cancelled on October 8, reducing its total A-share count to 12.507 billion. COSCO Shipping Holdings 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.
China Galaxy Securities believes that the current investment themes for Hong Kong stocks are short-term recovery trades and a structurally defensive core position, with the key tension lying between liquidity-recovery expectations from returning southbound funds and pressure on valuations from high offshore interest rates; a medium-term reversal has yet to be confirmed and the rebound is more structural in nature, with banks, utilities, telecoms and energy worth watching in the low-volatility dividend space.
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