--- title: "Hong Kong stocks rebounded, and the China Southern Fund's Hong Kong Stock Connect Central-SOEs High Dividend Yield ETF is oscillating to digest the Southern Tracking Index" type: "News" locale: "en" url: "https://longbridge.com/en/news/279282288.md" description: "As of March 16, 2026, the Hong Kong Stock Connect Central SOEs High Dividend Yield ETF from China Southern (520660) had a turnover of 5.99%, with a transaction volume of 172 million yuan, tracking the index of Hong Kong Stock Connect Central SOEs High Dividend Yield (931722) -0.52%. The market's reaction to Trump's statements has been limited, while oil prices remain high due to geopolitical tensions. Hong Kong stocks offer good value, especially the investment value of high-dividend central state-owned enterprises in sectors like energy and coal is becoming more prominent. Under the support of the oil supply gap and coal demand, the strategic security of related resource products is enhanced. The ETF tracks the China Reform Hong Kong Connect Central SOEs High Dividend Yield Index, focusing on industries such as oil and coal" datetime: "2026-03-16T08:44:13.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/279282288.md) - [en](https://longbridge.com/en/news/279282288.md) - [zh-HK](https://longbridge.com/zh-HK/news/279282288.md) --- # Hong Kong stocks rebounded, and the China Southern Fund's Hong Kong Stock Connect Central-SOEs High Dividend Yield ETF is oscillating to digest the Southern Tracking Index As of the close on March 16, 2026, the Hong Kong Stock Connect Central State-Owned Enterprises High Dividend Yield ETF from China Southern (520660) had a turnover of 5.99%, with a transaction volume of 172 million yuan, tracking the index of Hong Kong Stock Connect Central State-Owned Enterprises High Dividend Yield (931722) -0.52%. Recently, Trump's stance has softened but the market's reaction has been limited. Meanwhile, Iran remains firm, and oil prices remain high under the control of the Strait of Hormuz; geopolitical uncertainties persist, and the strategic security attributes of resource products are expected to be highlighted again under conflict. The current position of Hong Kong stocks offers value for money, and driven by the domestic anti-involution transmission and the demand for capital safety, the investment value of Hong Kong Stock Connect Central State-Owned Enterprises High Dividend Yield, which gathers high-dividend central state-owned enterprises in energy, coal, and other quality large-cap stocks, is becoming prominent. In terms of oil, before the situation in the Middle East is clarified, the release of reserves may not be able to fill the gap in crude oil supply, and oil prices still have certain room for increase. In terms of coal, although there is a short-term impact from the off-season for thermal coal, the increase in non-electric demand and low inventory provide dual support; at the same time, with ongoing geopolitical conflicts and the increasing importance of energy security, the strategic position of coal is expected to further enhance. The Hong Kong Stock Connect Central State-Owned Enterprises High Dividend Yield ETF from China Southern (520660.SH) tracks the National Reform Hong Kong Stock Connect Central State-Owned Enterprises High Dividend Yield Index, with 45% of the index's weight concentrated in the oil and petrochemical (about 30%), coal (about 13%), and non-ferrous metals (about 3%) industries, which are important guarantees for resource strategic security; in addition, 30% of the weight is concentrated in telecommunications (about 20%) and electricity (8%), with relevant central state-owned enterprises occupying leading positions, maintaining stable and high dividends. The Hong Kong Stock Connect Central State-Owned Enterprises High Dividend Yield ETF from China Southern (520660), with off-market connections (Class A: 021971; Class C: 021972). ### Related Stocks - [00HSI.HK](https://longbridge.com/en/quote/00HSI.HK.md) - [159266.CN](https://longbridge.com/en/quote/159266.CN.md) - [520660.CN](https://longbridge.com/en/quote/520660.CN.md) - [513910.CN](https://longbridge.com/en/quote/513910.CN.md) - [159281.CN](https://longbridge.com/en/quote/159281.CN.md) ## Related News & Research - [Morgan Stanley lifts China equity targets on earnings, yuan strength](https://longbridge.com/en/news/286363342.md) - [International Energy Agency Is Wrong To Forecast Coal's Demise](https://longbridge.com/en/news/286899857.md) - [Deep under China's coal basins, PetroChina is unlocking gas from rocks](https://longbridge.com/en/news/287138096.md) - [The world built more coal power in 2025, but used less](https://longbridge.com/en/news/287133873.md) - [Forge Resources Encounters Additional Coal During Ramp Development at La Estrella, Applies to the Critical Minerals Institute | FRGGF Stock News](https://longbridge.com/en/news/286553356.md)