$ABC(01288.HK) rose by four points, outperforming among Hong Kong-listed Chinese banks; $BOC HONG KONG(02388.HK) saw a slight increase, while $AIA(01299.HK) remained flat.
The high-dividend strategy is attracting capital again in days when the US dollar is strong and risk appetite is contracting. With the dividend yields of mainland banks clearly visible, Southbound capital buys without hesitation. The insurance sector is still waiting for new business data, lagging slightly behind ☺️
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