--- title: "Hong Kong stock movement: LINGBAO GOLD fell 10.06%, but increasing gold reserves fails to restore market confidence?" type: "News" locale: "en" url: "https://longbridge.com/en/news/285875149.md" description: "LINGBAO GOLD fell 10.06%; Zijin Mining fell 1.87%, with a transaction volume of HKD 798 million; Zijin Gold International fell 4.23%, with a transaction volume of HKD 424 million; Chifeng Gold fell 9.41%, with a transaction volume of HKD 264 million; Shandong Gold fell 3.86%, with a market value of HKD 140 billion" datetime: "2026-05-11T03:22:47.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285875149.md) - [en](https://longbridge.com/en/news/285875149.md) - [zh-HK](https://longbridge.com/zh-HK/news/285875149.md) --- # Hong Kong stock movement: LINGBAO GOLD fell 10.06%, but increasing gold reserves fails to restore market confidence? **Hong Kong Stock Movement** LINGBAO GOLD fell 10.06%. Based on recent key news: 1. On May 7, the People's Bank of China announced that the country's gold reserves increased by 260,000 ounces, marking the 18th consecutive month of gold accumulation. This news boosted market confidence in gold stocks; however, LINGBAO GOLD's stock price experienced a significant adjustment, falling by 10.06%. Source: Zhitong Finance 2. On May 7, the World Gold Council pointed out that global central banks are accelerating their gold purchases, leading to significant market adjustments and providing an entry window for central banks. Despite an overall rise in gold stocks, LINGBAO GOLD's stock price fell against the trend, indicating market concerns about its future performance. Source: Zhitong Finance 3. On May 7, analysts from Zhongtai Futures stated that geopolitical influences are weakening, and the pricing logic of gold is returning to core themes, with expectations of a strong international gold price. However, LINGBAO GOLD's stock price failed to benefit from this trend and instead dropped significantly. Source: Zhitong Finance. Overall, gold stocks rose, while LINGBAO fell against the trend. **Stocks with High Trading Volume in the Industry** Zijin Mining fell 1.87%. Based on recent key news: 1. On May 11, Zijin Mining recorded large transactions, with prices 0.5% lower than the previous day's closing price, attracting market attention. This transaction involved 39.21 million yuan, indicating enhanced liquidity that may affect stock price volatility. Source: Economic Information Daily 2. On May 8, Zijin Mining announced an employee stock ownership plan for 2026, involving 77.4746 million shares, accounting for 0.29% of the company's equity. This plan may influence market expectations for the company's future development. Source: Zhitong Finance 3. On May 8, the Peru project faces political and environmental risks, which may affect Zijin Mining's production pace and cost control. Such risks pose challenges to the company's global layout. Source: Zhitong Finance. Gold stocks have recently risen moderately, attracting market attention. Zijin Gold International fell 4.23%. Based on recent key news: 1. On May 7, the People's Bank of China announced that the country's gold reserves increased by 260,000 ounces, marking the 18th consecutive month of gold accumulation. This news led to a moderate rise in gold stocks, but Zijin Gold International's stock price fell, possibly affected by market adjustments. 2. The World Gold Council pointed out that global central banks are accelerating their gold purchases, leading to significant market adjustments and providing an entry window for central banks. Despite a generally strong gold market, Zijin Gold International's stock price did not benefit. 3. Analysts from Zhongtai Futures stated that expectations for policy tightening due to geopolitical factors and liquidity and economic crisis expectations are gradually weakening, with the pricing logic of gold returning to core themes. Despite a strong international gold price, Zijin Gold International's stock price still faces pressure. The overall gold market is strong, with central banks accelerating gold purchases. Chifeng Gold fell 9.41%. Based on recent news: 1. On May 8, Chifeng Gold announced that it will distribute a final dividend of HKD 0.36565 per share on June 15. Following the announcement, the stock price fluctuated, with mixed reactions from investors regarding the dividend distribution, leading to a decline in stock price 2. On May 11, WTI crude oil futures and Brent crude oil futures fell by 6.4% and 6.36% respectively. The market's response to the impact of high oil prices was relatively orderly, but there were signs of concern in the interest rate market. The volatility in oil prices affected the performance of related resource stocks, leading to a decline in the stock price of Chifeng Gold. 3. On May 8, the People's Bank of China announced that as of the end of April, the country's gold reserves increased by 260,000 ounces, marking the 18th consecutive month of gold accumulation. Despite the increase in gold reserves, the market's reaction to gold stocks was relatively mild, and Chifeng Gold's stock price failed to maintain its upward momentum. Gold stocks saw a moderate rise, but the market's response to the increase in gold reserves was tepid. **Stocks Ranked Among the Top by Market Capitalization in the Industry** Shandong Gold fell by 3.86%. Based on recent news, 1. On May 8, institutions significantly reduced their holdings in gold mining stocks. Hunan Gold and Shanjin International were reduced by 89.0% and 82.6% respectively, leading to a decline in market confidence in gold mining stocks, which caused Shandong Gold's stock price to drop. 2. Recent sharp fluctuations in gold prices have impacted the profitability of gold mining companies. In a high-volatility environment, production and cost control capabilities have become the decisive criteria for the market to screen gold mining stocks. Shandong Gold failed to effectively control costs, resulting in pressure on its stock price. 3. Public funds have increased their holdings in other gold mining companies, leading to a change in capital flow. The holdings of Chifeng Gold and Hengbang Co., Ltd. have significantly increased, with funds preferring companies with higher cash flow certainty. Shandong Gold failed to attract more capital, resulting in a decline in its stock price. 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