Global X Hang Seng High Dividend Yield ETF (03110.HK) Rises 1.09% Intraday as MOF Issues RMB150 Billion Special Bonds for State Financial Institutions

NewTimeSpace News: As of 14:05 on October 9, the Global X Hang Seng High Dividend Yield ETF (03110.HK) rose 1.09% to a latest price of HK$29.580. The ETF has traded 278,100 shares so far today for a turnover of HK$8.2048 million at an average price of HK$29.508, with a turnover rate of 0.14%. It is up 2.07% so far this week. Its current net asset value per unit is HK$29.17, and its assets under management stand at HK$5.902 billion.(Note on scope: the net asset value per unit and assets under management are as of October 8, 2026; the week-to-date change is measured against the closing price of HK$28.98 on October 2.)

On the news front, the Ministry of Finance auctioned the first tranche of the 2026 special treasury bonds for recapitalising central financial institutions on October 8. The five-year tranche was issued at a face value of RMB150 billion with a coupon of 1.37%, accruing interest from October 9 and listed for trading from October 13. It is the first tranche of the RMB300 billion recapitalisation plan announced in early September, supporting eight central financial institutions including ICBC and Agricultural Bank of China in replenishing core tier-1 capital; the second tranche of RMB150 billion with a seven-year tenor is due to be issued on November 18.

Global X Hang Seng High Dividend Yield ETF (03110.HK) closely tracks the Hang Seng High Dividend Yield Index. Launched by Hang Seng Indexes Company on December 10, 2012, the index reflects the overall performance of high-yield securities listed in Hong Kong. It has a fixed 50 constituents; eligible securities must have cash dividend records for three consecutive financial years, and those in the top 25% by historical volatility over the past year or down more than 50% over the past 12 months are excluded, with selection then based on the highest net dividend yields. The fund invests in physical assets and intends to use replication or representative sampling strategies, with net derivative exposure capped at 50% of net asset value.

Changjiang Securities expects the fourth quarter to remain an important allocation window for dividend assets; overseas rate hikes do not change the effectiveness of dividend strategies against the backdrop of a domestic "asset shortage", and banks will start interim dividends in the fourth quarter; banks' low PB valuations have yet to fully reflect changes in the operating cycle, and stabilising net interest margins, accelerating revenue and the digestion of asset-quality burdens should drive a valuation repair.

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