Value ETF E Fund (159263) has been "attracting capital" for three consecutive days, totaling over 130 million.
As of 10:03, the Guozheng Value 100 Index (980081) rose 0.6%. Among its constituent stocks, Gree Electric rose 1%, Midea Group fell 0.36%, COSCO SHIPPING Holdings rose 0.31%, Weichai Power fell 0.04%, CNOOC rose 0.23%, Industrial Bank fell 0.11%, Aluminum Corporation of China rose 0.95%, PetroChina fell 0.25%, Yuntianhua rose 6.39%, and Shaanxi Coal Industry rose 1.12%. As of March 12, the Guozheng Value 100 Index has risen 27.54% over the past year.
The Value ETF E Fund (159263) has been favored by capital, with net inflows for three consecutive days, totaling over 130 million yuan, and net inflows exceeding 600 million yuan in the past 20 days. The latest fund size reached 2.381 billion yuan.
The 2026 Government Work Report proposed to continuously deepen the comprehensive reform of capital market investment and financing and vigorously promote the entry of medium- and long-term funds into the market. The new "National Nine Articles" require strengthening the supervision of listed companies' cash dividends. Currently, cash dividends of listed companies on the Shenzhen Stock Exchange have entered a new stage of "normalization". From the perspective of 2025, the total cash dividends of listed companies on the Shenzhen Stock Exchange exceeded 540 billion yuan; during the "14th Five-Year Plan" period, cumulative dividends exceeded 2 trillion yuan, continuously rewarding investors and building a virtuous cycle of "financing-development-return" in the capital market.
First Capital Securities pointed out that China's capital market policies have entered a stage of "seeking progress while maintaining stability". Regulators continue to emphasize improving the dividend levels of listed companies and strengthening the investor return mechanism. The core goal of this policy direction is to promote the gradual transformation of the A-share market from a "financing market" to an "investment market". In the future, the dividend system may show a trend of continuous improvement in listed companies' dividend payout ratios and gradual improvement of dividend constraint mechanisms. The allocation value of dividend assets in the market is expected to further increase. Against this backdrop, the A-share market may continue to show a market structure where high-dividend assets are relatively dominant and low-valuation strategies have a certain degree of effectiveness.
The Value ETF E Fund (159263) closely tracks the Guozheng Value 100 Index. This index uses a three-dimensional screening system of "high dividend + high free cash flow + low P/E ratio" to select value targets, with a stable historical performance. Its top ten constituent stocks include COSCO SHIPPING Holdings, CNOOC, and Sinopec, fully benefiting from the current round of rising crude oil prices. Off-exchange investors can capture high-dividend opportunities with one click through the feeder fund (Class A: 025497; Class C: 025498).
(Funds carry risks, investment requires caution.)
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