On the Hang Seng Index futures settlement day, it rose by 432 points. The Political Bureau meeting drove a sharp rebound across mainland property and insurance stocks. Before the May Day long holiday, consider deploying high-dividend ETFs; keep an eye on Huaxia Asia High Dividend.

On the eve of the Federal Reserve's interest rate decision announcement, coupled with the futures settlement effect, the Central Political Bureau meeting sent out clear policy signals to stabilize the real estate market and expand domestic demand. Relevant sectors in Hong Kong collectively surged, driving the broader market to close over 400 points higher. The Hang Seng Index opened 162 points higher, and its gains continued to widen throughout the day. In the afternoon, momentum further increased, at one point rising by 453 points, briefly reaching 26,132 points. However, constrained by resistance above, it finally closed at 26,111 points, up 432 points or 1.68%, ending two consecutive days of declines, reclaiming the 26,000-point level, with a turnover of HKD 258.2 billion; the Hang Seng Tech Index closed at 4,910 points, up 82 points or 1.72%; the Hang Seng China Enterprises Index closed at 8,805 points, up 160 points or 1.86%; among 90 blue-chip stocks, 77 rose; ahead of the May Day long holiday, southbound capital today net outflow was RMB 3.952 billion.

The Political Bureau meeting proposed efforts to stabilize the real estate market and steadily advance urban renewal. This news drove a sharp rise in mainland property stocks. China Overseas Land & Investment $CHINA OVERSEAS (00688.HK)$ (0688.HK) rose by HKD 1.09 or 8.89%, closing at HKD 13.35, making it the best-performing blue chip of the day; China Resources Land $CHINA RES LAND (01109.HK)$ (1109) rose by 2.02 yuan or 6.53%, closing at 32.96 yuan. The company also announced on the same day its proposal to spin off a commercial real estate investment trust fund for listing on the Shenzhen Stock Exchange; Vanke $CHINA VANKE (02202.HK)$ (2202) rose by 0.2 yuan or 7.04%, closing at 3.04 yuan; Jinmao $CHINA JINMAO (00817.HK)$ (0817) rose by 0.17 yuan or 11.33%, closing at 1.67 yuan; Yuexiu Property $YUEXIU PROPERTY (00123.HK)$ (0123) rose by 0.23 yuan or 6.25%, closing at 3.91 yuan; Longfor Group $LONGFOR GROUP (00960.HK)$ (0960) rose by 0.34 yuan or 4.3%, closing at 8.25 yuan. Local property stocks also benefited from interest rate cut expectations, with New World $NEW WORLD DEV (00017.HK)$ (0017) rising by 0.28 yuan or 3.37%, closing at 8.6 yuan; Sun Hung Kai Properties $SHK PPT (00016.HK)$ (0016) rose by 3 yuan or 2.19%, closing at 140 yuan; Cheung Kong Holdings $CK ASSET (01113.HK)$ (1113) rose by 0.78 yuan or 1.6%, closing at 49.38 yuan; Henderson Land $HENDERSON LAND (00012.HK)$ (0012) rose by 0.46 yuan or 1.52%, closing at 30.82 yuan.

Chinese insurance stocks were also generally driven higher by positive sentiment from the Politburo meeting. Ping An $PING AN (02318.HK)$ Ping An's (2318) first-quarter operating profit increased by 8% year-on-year, surpassing market expectations. The stock gained HKD 3.65 or 6.08%, closing at HKD 63.7; Pacific Insurance $CPIC (02601.HK)$ First-quarter net profit rose 4%, increasing by HKD 1.74 or 5.43%, closing at HKD 33.8; China Life $CHINA LIFE (02628.HK)$ Increased by HKD 1.34 or 5.14%, closing at HKD 27.4; China Taiping $CHINA TAIPING (00966.HK)$ Rose by HKD 1.24 or 5.87%, closing at HKD 22.38; New China Life Insurance $NCI (01336.HK)$ (1336) Increased by HKD 2.36 or 4.89%, closing at HKD 50.6; PICC $PICC GROUP (01339.HK)$ (1339) Increased by HKD 0.14 or 2.72%, closing at HKD 5.29; AIA $AIA (01299.HK)$ Hired consultants to evaluate the business, rising by HKD 1.8 or 2.17%, closing at HKD 84.95.

Earnings stocks showed a polarized performance today. HKEX $HKEX (00388.HK)$ (0388) First-quarter net profit surged 27% year-on-year to HKD 5.188 billion, hitting a record high for any quarter and surpassing market expectations of HKD 4.6 billion. The stock price rose by HKD 12.2 or 3%, closing at HKD 419.8; BYD $BYD COMPANY (01211.HK)$ (1211) First-quarter exports volume increased by 56% year-on-year, with the stock price gaining HKD 4.6 or 4.44%, closing at HKD 108.3; Nio $NIO-SW (09866.HK)$ ONVO L80, the new SUV from the sub-brand LeDao (9866), launched pre-sales, driving the stock price up by 4.22 yuan or 8.74%, closing at 52.5 yuan; Shenghong Technology $VGT (02476.HK)$ Net profit in the first quarter increased by 40%, rising 21 yuan or 7%, closing at 321 yuan; Yanzhou Energy Group $YANKUANG ENERGY (01171.HK)$ Net profit in the first quarter rose by 42%, increasing 0.9 yuan or 5.9%, closing at 16.16 yuan; Hisense Home Appliances $HISENSE HA (00921.HK)$ Increased by 1.26 yuan or 5.86%, closing at 22.78 yuan; Sinopec $SINOPEC CORP (00386.HK)$ Net profit in the first quarter increased by 27%, rising 0.11 yuan or 2.4%, closing at 4.7 yuan; CNOOC $CNOOC (00883.HK)$ Net profit in the first quarter increased by 7%, rising 0.4 yuan or 1.38%, closing at 29.38 yuan.

In contrast, China Merchants Bank $CM BANK (03968.HK)$ (3968) saw its net profit rise by only 1.5% in the first quarter, which was below market expectations. Its net interest margin narrowed year-on-year, causing the stock price to fall by 2.12 yuan or 4.23%, closing at 47.98 yuan; WH Group $WH GROUP (00288.HK)$ Achieved a 9% increase in profits in the first quarter, but operating profits from pork plunged over 30% during the period, dragging the stock price down by 0.61 yuan or 5.77%, closing at 9.96 yuan, making it the worst-performing blue chip for the day; Wuxi Apptec $WUXI APPTEC (02359.HK)$ After a sharp rise yesterday, profit-taking occurred today, falling 5.3 yuan or 3.7%, closing at 137.8 yuan; CanSino Biologics $CANSINOBIO (06185.HK)$ First quarter net loss widened, dropping by 2.2 yuan or 6.87%, closing at 29.84 yuan.

The Political Bureau meeting also emphasized tapping into domestic demand potential and promoting consumption upgrades, driving collective gains in auto and consumer stocks. Leapmotor $LEAPMOTOR (09863.HK)$ rose by 1.48 yuan or 3.25%, closing at 47.06 yuan; Li Auto $LI AUTO-W (02015.HK)$ rose by 2.25 yuan or 3.36%, closing at 69.25 yuan; Geely Auto $GEELY AUTO (00175.HK)$ rose by 0.56 yuan or 2.57%, closing at 22.34 yuan; XPeng Motors $XPENG-W (09868.HK)$ rose by 0.9 yuan or 1.46%, closing at 62.5 yuan; Nongfu Spring $NONGFU SPRING (09633.HK)$ rose by 1.68 yuan or 3.61%, closing at 48.18 yuan; JD Health $JD HEALTH (06618.HK)$ rose by 1.82 yuan or 4.07%, closing at 46.56 yuan; Pop Mart $POP MART (09992.HK)$ will release its first Labubu mini-fridge tomorrow evening, with resale platforms seeing prices up to 15 times the original price, driving the stock up by 0.9 yuan or 2.4%, closing at 156.8 yuan.

Tech stocks generally rebounded today, Meituan $MEITUAN-W (03690.HK)$ Boosted by the strong debut of its subsidiary, Shangmi Technology $SUNMI TECH-W (06810.HK)$ , rising 2.85 yuan or 3.55%, closing at 83.15 yuan; Alibaba $BABA-W (09988.HK)$ rose 4.1 yuan or 3.24%, closing at 130.6 yuan; Kuaishou $KUAISHOU-W (01024.HK)$ rose 1.24 yuan or 2.93%, closing at 43.25 yuan; Bilibili $BILIBILI-W (09626.HK)$ rose 5.8 yuan or 3.49%, closing at 172.2 yuan; JD.com $JD-SW (09618.HK)$ rose 2.2 yuan or 1.91%, closing at 117.5 yuan; Tencent $TENCENT (00700.HK)$ rose 5.4 yuan or 1.14%, closing at 479.2 yuan; Xiaomi $XIAOMI-W (01810.HK)$ rose 0.22 yuan or 0.74%, closing at 30.14 yuan; Baidu $BIDU-SW (09888.HK)$ was hit by dual negative factors as its autonomous driving taxi service, Luobo Kuaipao, experienced large-scale malfunctions in Wuhan. Authorities reportedly suspended issuing new high-level autonomous driving permits, causing its share price to drop 3.4 yuan or 2.76%, closing at 119.9 yuan; Pony AI $PONY-W (02026.HK)$ fell 4.4 yuan or 5.5%, closing at 76.2 yuan; WeRide $WERIDE-W (00800.HK)$Dropped by 0.96 yuan or 4.7%, closing at 19.64 yuan.

Chip stocks were generally under pressure today, with Reuters reporting that the US has requested multiple chip equipment companies to stop shipping certain products to Hua Hong Semiconductor.$HUA HONG SEMI (01347.HK)$The news dragged the entire sector down, with Hua Hong Semiconductor dropping by 5.2 yuan or 4.59%, closing at 108.1 yuan; Biren Technology fell by 2.48 yuan or 5.45%, closing at 43.06 yuan; TianShu ZhiXin dropped by 21.6 yuan or 5.33%, closing at 384 yuan.$BIREN TECH (06082.HK)$ASMPT fell by 5.3 yuan or 3.12%, closing at 164.5 yuan; Changguang Chenguang fell by 3.25 yuan or 3.84%, closing at 81.35 yuan; SMIC fell by 0.25 yuan or 0.38%, closing at 65.8 yuan.$ILUVATAR COREX (09903.HK)$Kinsus Interconnect Technology continued to reach new all-time highs against the market trend, rising by 1.88 yuan or 5.28%, closing at 37.5 yuan; Cambridge Technology rebounded by 16.5 yuan or 14.84% after yesterday’s sharp decline, closing at 127.7 yuan.$ASMPT (00522.HK)$Down 5.3 yuan, or 3.12%, to close at 164.5 yuan; Changguang Chenxin$GPIXEL (03277.HK)$Down RMB 3.25, or 3.84%, to close at RMB 81.35; SMIC$SMIC (00981.HK)$Down by RMB 0.25, or 0.38%, to close at RMB 65.8; JianTao Laminate板$KB LAMINATES (01888.HK)$Meanwhile, it continued to hit a new all-time high against the market trend, rising RMB 1.88, or 5.28%, to close at RMB 37.5; Cambridge Technology$CIG (06166.HK)$After a sharp plunge yesterday, the stock rebounded today by RMB 16.5, or 14.84%, closing at RMB 127.7.

In other stock movements, Zijin Mining $ZIJIN MINING (02899.HK)$ rose 1.1 yuan or 3.11%, closing at 36.46 yuan; Luoyang Molybdenum $CMOC (03993.HK)$ increased by 0.61 yuan or 3.45%, closing at 18.27 yuan; HSBC Holdings $HSBC HOLDINGS (00005.HK)$ gained 0.4 yuan or 0.28%; CATL $CATL (03750.HK)$ slightly fell by 0.24%, closing at 629 yuan; Yongtai Bio $IMMUNOTECH-B (06978.HK)$ saw its drug for preventing liver cancer recurrence rejected from approval, causing shares to plummet 53.9% after resuming trading, closing at 1.05 yuan.

The Politburo meeting released policy signals aimed at stabilizing domestic demand and the real estate market, boosting overall market performance today. However, the next focal point remains the Federal Reserve’s interest rate decision, alongside the upcoming May Day long holiday during which southbound capital turned into net outflow today. Investors may prefer adjusting their positions before the holiday. Amid ongoing geopolitical risks, some investors might consider allocating high-dividend stocks to secure stable cash flow. The Huaxia Asia High Dividend ETF $ChinaAMC Asia High Dividend ETF (03145.HK)$ closed at 14.68 yuan today, rising 0.04 yuan or 0.273%. This ETF tracks the 'Bloomberg Asia Pacific High Dividend 40 Index', with volatility comparable to the S&P 500 index, making it relatively controllable compared to similar funds. Its constituents are spread across more than 10 regions in the Asia-Pacific area, covering various industries such as finance, energy, industrials, and technology, including leading Asian companies like COSCO Shipping Energy $COSCO SHIP ENGY (01138.HK)$ (1138), local insurance stock AIA $AIA (01299.HK)$ (1299), and mainland insurer China Construction Bank $CCB (00939.HK)$ The ETF (0939) etc., due to its diversified portfolio covering various industries, helps investors in diversifying their investments and reducing risks. The ETF has delivered an annualized return of over +17% in the past three years, and its target annual dividend payout has increased to 8%, aiming for stable monthly dividends. The upcoming ex-dividend date is May 13, with a dividend of 0.1 yuan per share, suitable for income-focused investors seeking regular payouts for steady cash flow. Investors should be aware that the dividend amount is not fixed each time; actual payouts depend on the performance of constituent stocks and fund earnings. Additionally, Asian stock markets are influenced by geopolitical factors, exchange rate fluctuations, and regional policies, which may result in significant volatility in net asset value. This product is suitable for investors who can tolerate certain volatility and seek long-term stable dividend income.

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