Ping An of China CSI HK Dividend ETF (03070.HK) Rises 0.96% Intraday as China Shenhua Goes Ex-Dividend on HK$1.139 Interim Payout

NewTimeSpace News: As of 13:53 on October 8, the Ping An of China CSI HK Dividend ETF (03070.HK) rose 0.96% to a latest price of HK$41.880. The ETF has traded 84,200 shares so far today for a turnover of HK$3.5424 million at an average price of HK$42.069, with a turnover rate of 0.26%. It is up 2.15% so far this week. Its current net asset value per unit is HK$41.39, and its assets under management stand at HK$1.359 billion.(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$41.00 on October 2.)

On the news front, China Shenhua (01088.HK) went ex-dividend on October 8 with an interim dividend of HK$1.139 per share (equivalent to RMB0.98), a record date of October 9 and a payment date of November 23. China Shenhua is the eighth-largest constituent of the CSI Hong Kong Dividend Index, with a weight of about 5.3%.

Ping An of China CSI HK Dividend ETF (03070.HK) closely tracks the CSI Hong Kong Dividend Index. From securities listed on the Stock Exchange of Hong Kong, the index screens for those ranking in the top 50% by average daily turnover over the past year and with average daily turnover of no less than HK$50 million, in the top 50% by average daily total market capitalisation, and with a positive cash dividend yield for three consecutive years; it then selects the 30 securities with the highest average cash dividend yield over the past three years. It is weighted by adjusted market capitalisation with a 10% cap on individual constituents and is rebalanced once a year in December. The fund primarily adopts a replication strategy, investing directly in substantially all index constituents in broadly the same proportions as the index.

Kaiyuan Securities believes that the regulatory opening of Hong Kong Stock Connect ETFs to insurers further enriches cross-border equity investment tools without using up scarce QDII quotas, helping insurers diversify cheaply into Hong Kong high-dividend, broad-based and technology assets; meanwhile, the inclusion of cross-market 60/40 structured products among Connect ETFs gives insurers an option for indirect exposure to markets outside Hong Kong.

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