According to a report published by Citigroup, subscribing to the China State Construction Engineering Corporation CSI Central State-Owned Enterprises Dividend Index ETF through the China-Hong Kong Stock Connect program can improve the valuation of central state-owned enterprises in Hong Kong capital markets, even though the amount of investment is unknown.

In the indices covered by the bank, the infrastructure sector is bullish on China State Construction Engineering Corporation (03311.HK), China Railway Group Limited (00390.HK), China Railway Construction Corporation Limited (01186.HK), and China Communications Construction Company Limited (01800.HK); and on railway equipment, China CNR Corporation Limited (01766.HK) and China Railway Signal & Communication Corporation Limited (03969.HK) are favored. China State Construction Engineering Corporation is the only state-owned construction company without involvement in public-private partnership (PPP) projects among the listed companies in the indices.