Today, China National New Holding Co., Ltd. (referred to as "National New Holding") suddenly announced on its official website that China National Investment, a subsidiary of National New Holding, has cooperated with leading institutions in the market such as GF Fund, Southern Fund, and Invesco Great Wall Fund to launch the CSI Central State-owned Enterprises Dividend Index ETF listed on HKEX. National New Investment subscribed for the first issue of the ETF on June 19, sending a bullish signal that it firmly believes in the long-term value of the listed state-owned enterprises on HKEX. It also showcases the responsibility of state-owned capital operating companies in maintaining the market value of state-owned enterprises and enhancing the pricing power of the listed state-owned enterprises on HKEX.

It is reported that the CSI Guoxin Hong Kong Stock Connect Central State-owned Enterprises Dividend Index selects Hong Kong-listed central state-owned enterprise listed companies that can reflect the value and characteristics of central state-owned enterprises, with outstanding industry status, stable operation, abundant cash flow, and relatively high dividend levels as constituent stocks.

National New Holding stated that under the policy guidance of the continuous deepening of state-owned enterprise reform and the strengthening of cash dividends for listed companies under the new "Nine Articles of the State", the index has long-term investment value.

At the same time, by cooperating with professional institutions to set up multi-currency ETF products in both domestic and Hong Kong markets, it promotes synergies between domestic and overseas capital markets, and guides more international capital and industrial resources to efficiently gather in high-quality listed state-owned enterprises on HKEX.

On December 1st of last year, China Guoxin under Guoxin Investment increased its holdings of CSI Guoxin Central State-owned Enterprises Technology Leading Index ETF and CSI Central State-owned Enterprises Innovation Drive Index ETF, and will continue to increase holdings in the future. On the same day, the Central State-owned Enterprises Technology Leading Index and the Central State-owned Enterprises Innovation Drive Index closed up 1.31% and 0.46%, respectively.

Guosen Securities released a research report stating that construction state-owned enterprises have advantages in undertaking major projects, with financing costs lower than the industry average, and are expected to maintain stable order and performance growth. With the continuous recovery of overseas orders, it is recommended to pay attention to the performance realization of international leading companies in engineering; industrial construction is less affected by real estate and local government debt, and is also the direction of investment supported by current policies. The relevant sectors are expected to usher in valuation repair.

State-owned construction enterprises:

China Railway (0390), China Railway Construction Corporation (1186), China State Construction International (3311), etc.