The six major state-owned banks' 2025 dividend payouts are announced, totaling over 420 billion yuan in cash dividends; the Value ETF E Fund (159263) received a net subscription of 48 million shares during the trading session.

As of 10:57, the Guozheng Value 100 Index (980081) is up 1.18%. Among the constituent heavyweight stocks, Gree Electric Appliances is up 0.53%, Midea Group is up 0.72%, COSCO Shipping Holdings is up 0.53%, Weichai Power is up 3.96%, China National Offshore Oil is down 0.15%, Industrial Bank is up 1.12%, Aluminum Corporation of China is up 2.28%, PetroChina is up 1.8%, Yuntianhua is up 0.27%, and Shaanxi Coal Industry is up 1.64%. As of March 31, the Guozheng Value 100 Index has gained 18.3% over the past year.

The Value ETF from E Fund (159263) has been highly favored by capital. As of the prior trading day, over the past week the fund recorded total net inflows of 100 million yuan, over the past month total net inflows of 482 million yuan, and over the past three months total net inflows of 1.075 billion yuan; over the past month, average daily trading value was 130 million yuan, ranking first among its peers. Trading in the exchange is active and liquidity is strong. As of the time of this release, during the trading session the fund received net subscriptions of 48 million units.

It is worth noting that the Value ETF from E Fund (159263) is currently the only ETF in the entire market that tracks the Guozheng Value 100 Index, making it scarce.

With all the annual reports for the state-owned “six major banks” for 2025 now fully released, the annual “dividend payout statement” is officially set. For ICBC, ABC, BOC, CCB, Bocom, and Postal Savings Bank combined, total cash dividends for the full year were 427.424 billion yuan, maintaining a stable dividend payout ratio of 30% or above, backed by tangible cash returns, making them the unmistakable “dividend mainstay” in the A-share market.

China Galaxy Securities stated that global equity markets are likely to continue the characteristic of high volatility. China’s A-share market may mainly consolidate and digest gains/losses. Against the backdrop of external uncertainties, the advantage of domestic certainty becomes more prominent. The allocation to sectors with high dividend yield and defensive attributes offers a better cost-performance ratio. As annual reports and Q1 reports’ performance are concentratedly disclosed, high-dividend-yield targets with high earnings certainty and abundant cash flow will become a core direction for capital focus.

The Value ETF from E Fund (159263) closely tracks the Guozheng Value 100 Index. This index uses a three-dimensional screening system of “high dividends + high free cash flow + low price-to-earnings ratio,” prioritizing value stocks. Its historical performance has been steady; the top ten weightings include COSCO Shipping Holdings, China National Offshore Oil, and Sinopec, which should fully benefit from the current crude oil rally. Off-exchange investors can capture high-dividend opportunities in one click via the link (Class A: 025497; Class C: 025498).

(Funds have risk; invest cautiously)

(Responsible editor: Dong Pingping)

     【Disclaimer】This article only represents the author’s personal views and is not related to Hexun. The Hexun website maintains neutrality toward the statements and judgments of opinions in the text, and provides no explicit or implied guarantees regarding the accuracy, reliability, or completeness of the contents. Readers are for reference only and should bear all responsibility themselves. Email: news_center@staff.hexun.com

Report