Bosera China Reform Hong Kong Central-SOEs High Dividend Yield Index ETF (03437.HK) Falls 0.15% Intraday as Thermal Coal Tops RMB1,000 a Tonne

NewTimeSpace News: As of 10:46 on October 12, the Bosera China Reform Hong Kong Central-SOEs High Dividend Yield Index ETF (03437.HK) fell 0.15% to a latest price of HK$9.845. The ETF has traded 104,100 shares so far today for a turnover of HK$1.032 million at an average price of HK$9.911, with a turnover rate of 0.11%. It is down 0.15% so far this week. Its current net asset value per unit is HK$9.887, and its assets under management stand at HK$916.5 million.

(Note on scope: the net asset value per unit and assets under management are as of October 9, 2026; the week-to-date change is measured against the closing price of HK$9.860 on October 9.)

On the news front, thermal coal prices have climbed in what is traditionally the slack season. Securities Times reported on October 11, citing Wind data, that the settlement price of 5,500 kcal Shanxi thermal coal at Qinhuangdao port reached RMB1,003 a tonne as of October 10, more than 40% above the roughly RMB700 a tonne a year earlier; contracting supply against growing demand is the core driver of this rally, with nationwide electricity consumption reaching 1,033.2 billion kWh in August, up 1.7% year on year, and the power load hitting a record high. China Shenhua is the largest weighted constituent 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 draws its universe from the CSI Hong Kong Connect Composite Index and requires constituents to be on the SASAC central SOE list or to have controlling rights held by SASAC. Only the largest security by average daily market capitalisation over the past year is included from the financials and real estate sectors, while all securities from other sectors are eligible; after screens for three consecutive years of dividends and payout ratios, the top 50 by average dividend yield over the past three years are selected. It is weighted by dividend yield, with a 10% cap on individual constituents.

Zhongtai Securities believes that autumn maintenance and winter restocking together should keep coal prices elevated; while mine restarts in China and progress in Indonesia's quota approvals raise expectations of supply recovery, the actual increase will take time to materialise, and with limited port inventory pressure and winter stockpiling demand gradually coming through, coal prices remain supported and are expected to stay high and range-bound, with the release of winter restocking demand plus strong third-quarter earnings growth acting as catalysts for the sector.