High-dividend assets have become "ballast", and the Hong Kong stock connect dividend ETF has received net subscriptions for three consecutive days.

On January 30th, the overall A-share and Hong Kong stock market experienced a pullback, resulting in the Hong Kong Stock Connect Dividend ETF of GF Securities rebounding from its high. In terms of capital flow, the Hong Kong Stock Connect Dividend ETF of GF Securities received a net inflow of 44.85 million yuan yesterday, marking the third consecutive day of net inflows. The latest scale is 20.83 billion yuan. Guolian Minsheng stated that the long-term economic fundamentals remain positive, policy tools are sufficient, broad market and industry valuations are slightly high, and pricing logic is expected to return to performance support. Dividend strategies remain effective, with increased allocation value in resource industries, large financial institutions, and areas against internal competition. Guosheng Securities believes that macro interest rates are at historically low levels, focusing on high dividend assets and growth targets. At present, macro interest rates are at historically low levels, favoring companies with outstanding technical capabilities, excellent cash flow, and high dividend undervalued state-owned enterprises. Huachuang Securities pointed out that insurance funds' stakeholding reached a nearly 10-year high in 2025, with scarce high dividend assets under low interest rates and a focus on undervalued high dividend areas such as banks and utilities based on robustness in accounting considerations. In the context of normalized low interest rates, insurance funds' stakeholding in dividend assets is a trend of synergistic selection between assets and liabilities. The Hong Kong Stock Connect Dividend ETF of GF Securities and its off-exchange linkage provide investors with a convenient entry point to allocate dividend assets in Hong Kong stocks, achieving stable returns and long-term value simultaneously.