中信证券：维持对港股红利策略的推荐

格隆汇09-14

中信证券研报称，对于港股，从2016年至2018年与2022年至2023年两轮美联储加息周期来看，南向资金整体呈现出加息前半段持续净流入、后半段流入节奏明显放缓的阶段性特征；美元兑人民币中间价的走势与南向资金的流入节奏同样呈现出较高的同步性。维持对港股红利策略的推荐，但在海外无风险利率持续上行的情况下，港股高股息的相对收益率优势有所收窄，配置上应进一步考察现金流稳定性、盈利确定性和分红可持续性，并...

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