Central SOE Market Value Management Advances; Bosera China Reform Hong Kong Central-Soes High Dividend Yield Index Etf(Listed Class) (03437.HK) Rises 1.07% Intraday

NewTimeSpace News: As of October 26, 2026, Bosera China Reform Hong Kong Central-Soes High Dividend Yield Index Etf(Listed Class) (03437.HK) rose 1.07% intraday to a latest price of HK$9.420, with an opening price of HK$9.400, a high of HK$9.420, a low of HK$9.400, and an intraday amplitude of 0.21%. The ETF traded 55,300 shares with a turnover of HK$519,900, an average price of HK$9.401, a premium rate of 1.25%, and a turnover rate of 0.06%. Its current net asset value per unit is HK$9.304, and its assets under management stand at HK$862 million.

NewTimeSpace understands that Bosera China Reform Hong Kong Central-Soes High Dividend Yield Index Etf(Listed Class) (03437.HK) is managed by Bosera Asset Management (International), with an investment objective of providing investment returns that closely track the performance of the CSI China Reform Hong Kong Stock Connect Central SOE Dividend Index, before fees and expenses. The ETF adopts a full replication strategy, investing all or substantially all of its assets directly in securities listed on the Hong Kong Stock Exchange and constituting the Index, in weightings broadly the same as those of such constituent securities in the Index; when a security ceases to be an Index constituent, the excluded constituent is sold and the proceeds are used to invest in the newly included constituents. The manager will not adopt a representative sampling strategy except under exceptional circumstances; investments in other collective investment schemes may not exceed 10% of the fund's net asset value, and the fund will not hold more than 10% of the units issued by any single collective investment scheme. The Index was customised by Guoxin Investment Co., Ltd. and selects, from the Stock Connect universe, listed securities of companies on the central enterprise list of the State-owned Assets Supervision and Administration Commission of the State Council with stable dividend levels and relatively high dividend yields; after screening for liquidity, dividend continuity and dividend payout ratio, the top 50 securities by average dividend yield over the past three years are selected. The Index is weighted by free-float market capitalisation adjusted for dividend yield, with a cap of 10% on any single constituent and a cap of 2% on any single constituent in the financials and real estate sectors. As of October 23, the ETF had assets under management of HK$862 million and a net asset value per unit of HK$9.304.

On the news front, according to Securities Times, central SOE market value management continues to advance, and a number of Hong Kong-listed central enterprises have recently implemented stable dividend plans, with the relevant names concentrated in the petrochemical, telecommunications, coal and transportation sectors; the CSI China Reform Hong Kong Stock Connect Central SOE Dividend Index has a trailing 12-month dividend yield of approximately 5.8%, and several Hong Kong dividend ETFs have continued to attract net subscriptions via southbound flows.

SCS believes that the market's style balance is shifting from growth toward value and dividend, supported from both the institutional and funding sides: dividend system improvements have reinforced the value foundation, and long-term capital such as insurance funds continues to increase allocations in a low interest rate environment. Within the dividend universe, resource-type dividend assets combine the defensive attributes of stable dividends with the earnings elasticity brought by energy inflation and supply constraints, giving them a higher allocation priority than stable-type dividend assets whose valuation repair is already relatively full. The broker noted that the CSI China Reform Hong Kong Stock Connect Central SOE Dividend Index is heavily weighted in petrochemicals, telecommunications, coal and transportation, with resource-type dividend exposure at 45.5% and financials at only 2.4%; as of October 13, the Index had a trailing 12-month dividend yield of 5.8%, above the 5.2% of the CSI HK Equities Central Enterprise Dividends Index, while its 2025 ROE (TTM) stood at 8.8%.