Bosera China Reform Hong Kong Central-SOEs High Dividend Yield Index ETF (03437.HK) Falls 2.25% Intraday as SASAC and CAS Sign 18 Cooperation Agreements

NewTimeSpace News: As of 10:34 on October 15, the Bosera China Reform Hong Kong Central-SOEs High Dividend Yield Index ETF (03437.HK) fell 2.25% to a latest price of HK$9.775. The ETF has traded 192,700 units so far today for a turnover of HK$1.9019 million at an average price of HK$9.870, with a turnover rate of 0.208%. It is down 0.86% so far this week. Its current net asset value per unit is HK$10.0293, and its assets under management stand at HK$930 million.

(Note on scope: the net asset value per unit and assets under management are as of October 14, 2026; the week-to-date change is measured against the closing price of HK$9.860 on October 9.)

On the news front, the State-owned Assets Supervision and Administration Commission (SASAC) and the Chinese Academy of Sciences (CAS) held their 2026 annual consultation meeting in Beijing on October 14, signing four institute-enterprise cooperation agreements and 14 major agreements between CAS institutes and enterprises in fields including aerospace, biomanufacturing, new energy, new materials, robotics and green and low-carbon industries. Since the first consultation in June 2023, central SOEs and CAS have implemented more than 1,200 cooperation projects with funding exceeding RMB32 billion, and central SOEs' R&D spending has topped RMB1 trillion for four consecutive years.

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.

Zhang Sixiang of the research and development centre at Chasing Securities believes that Hong Kong Connect stocks will most likely trade in a range in the near term, with the offshore liquidity environment and the commercialisation of AI applications to be watched, and that high-dividend directions such as banks form an important component of a balanced allocation. The brokerage also notes that including RMB counters in Southbound trading would broaden currency choices and reduce exchange costs and currency risk, and that allowing insurers to invest in Southbound-listed ETFs matters not only for incremental trading but also for improving the investor structure and converting trading-oriented funds into allocation-oriented ones — though policy benefits will take time to materialise and insurers are expected to deploy in pilot phases.