Targeting new consumer essentials, the CSI Cons Stap ETF (subscription code: 520623) is set for a major launch on July 28.

Gelonghui, July 24 | The Jiashi "Super ETF" shelf has added a new member. The Jiashi Hang Seng Consumption ETF (expanded abbreviation: Hong Kong Stock Connect Consumption ETF, subscription code: 520623, listing code: 520620), focusing on core consumer assets in Hong Kong stocks, will be launched on July 28, providing a key tool for on-site investors to capture the consumption revolution of Generation Z. The Hang Seng Consumption Index, tracked by the Jiashi Hang Seng Consumption ETF, is a relatively purer consumption index with a higher concentration of new consumption genes, precisely targeting emerging sectors such as trendy toys, smart home products, and domestic beauty brands. The top ten weighted stocks include companies with high investor awareness and distinct domestic product attributes, as well as emerging consumer companies like trendy toys and popular restaurant consumption companies, many of which are scarce symbols in the A-share market. The issuance of the Jiashi Hang Seng Consumption ETF also provides differentiated allocation value for investors to position themselves in consumption assets. Against the backdrop of a generally declining global interest rate level, the consumption sector, representing low capital expenditures and high profit stability, highlights its high dividend advantage. The constituent stocks of the Hang Seng Consumption Index have stable dividends, emphasize shareholder returns, and feature a higher dividend yield, which has exceeded 3% in the past year, showcasing notable allocation value. The Hang Seng Index combines the stability of essential consumption with the growth characteristics of emerging consumption, allowing it to outperform the Hang Seng Index in the long term. In 2020, the index rose by 35%, and as of July 22, 2025, the increase has exceeded 30% in the past year, reaching 33.33%. In terms of investment timing, the valuation level of the Hang Seng Consumption Index is at a near five-year low. According to Wind statistics, as of July 22, 2025, the PE of the Hang Seng Consumption Index is 19.42 times, positioned at the 27.2% historical percentile of the index over the past five years, indicating that the valuation is at a relatively low level, with a high index allocation value.