High-dividend stocks showed relative strength today (December 8), with the Value ETF (510030), which focuses on "high-dividend + low-valuation" blue-chip stocks, rising nearly 1% intraday. As of the latest update, it gained 0.37%.
Among the constituents, brokerage and insurance stocks led the gains. Industrial Securities Co., Ltd. surged 8.33%, Huatai Securities jumped 4.63%, while Haitong Securities and CITIC Securities both rose over 3%. China Merchants Securities and China Pacific Insurance followed with gains exceeding 2%.
Analysts noted that the securities sector is poised for high-quality development during the "15th Five-Year Plan" period, playing a central role in serving the real economy and optimizing household wealth allocation. Recent regulatory policies encouraging mergers among leading brokerages, guiding smaller firms toward differentiation, and relaxing leverage restrictions for high-quality institutions are expected to reshape long-term investment opportunities in the sector.
As of the previous trading day (December 5), the 180 Value Index tracked by Value ETF (510030) traded at a price-to-book ratio of 0.84x—near a 10-year low at the 34.9th percentile—highlighting its medium-to-long-term value.
Huatai Securities observed that November saw continued risk-aversion, with high-dividend sectors like banking and petrochemicals outperforming. While December may bring some risk appetite recovery amid falling U.S. bond yields and dollar weakness, high-dividend allocations could marginally decline compared to November, favoring cyclical and potential high-yield varieties.
CICC suggested dividend assets may regain defensive appeal by late December. The CSI 300's 12x forward P/E—near historical averages—leaves room for expansion, indicating China's equity bull market may persist.
Value ETF (510030) closely tracks the SSE 180 Value Index, selecting 60 stocks with top value-factor scores from the SSE 180 universe. Heavyweight constituents include financial leaders like Ping An Insurance, China Merchants Bank, and ICBC, alongside infrastructure and resource blue-chips—all offering defensive attributes with high dividends amid market volatility.
Data sourced from SSE/SZSE and public filings as of December 8, 2025.
Risk Disclosure: The ETF passively tracks the SSE 180 Value Index (base date: June 28, 2002; launch: January 9, 2009). Index composition may change per rules, and past performance doesn’t guarantee future results. Constituent mentions are for illustrative purposes only, not recommendations. All information herein is for reference—investors bear full responsibility for decisions. No content constitutes investment advice, and the fund manager assumes no liability for losses. Investors must review fund documents to assess risk-return profiles. The fund carries an R3 (moderate risk) rating, suitable for balanced (C3) or higher-risk investors. Regulatory approval doesn’t imply endorsement of the fund’s merits. Invest cautiously.
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