The liquidity inflection point is approaching! The safe-haven attributes of this type of high-dividend asset are maxed out.

CITIC Securities judges that macro and micro liquidity are improving simultaneously: The stabilization of the RMB benefits the inflow of Southbound capital, high dividends combined with reduced selling pressure from unlocked shares improve internal market fund circulation. In a volatile market, it is recommended to layout in the dividend sector, bullish on bond-like sectors.

As of 10:59 on July 27, 2026, the Stock Connect High Dividend ETF Huaxia (159726) rose by 0.52%, with a latest quote of 1.349 yuan. The intraday trading volume has reached 0.05 billion yuan, with a turnover rate of 1.25%. As of the previous trading day, the latest scale was 364 million yuan.

Component stocks showed mixed gains and losses. Agricultural Bank of China led the gains with a 2.55% rise, followed by Haidilao up 2.40%, China Feihe up 2.21%, Chow Tai Fook up 2.05%, and CITIC Bank up 2.01%. PetroChina Company Limited led the declines with a 3.13% drop, followed by Lenovo Group down 2.88%, CNOOC down 1.78%, PICC Group down 1.32%, and CSPC Pharmaceutical Group down 1.17%.

The Stock Connect High Dividend ETF Huaxia (159726) is the only target tracking the Hang Seng Stock Connect Mainland China Enterprises High Dividend Yield Index, adopting a pure high-dividend strategy, selected for Hong Kong stock dividend investment.