UBZIJIN@EC2608A

SUPERLAND GROUP

OCT (ASIA)

GREAT WORLD

JIAODA WITHUB

CREATIVE CHINA

SMART CITY DEV

DAISHOMICROLINE

RIMBACO

SHENYANG PUBLIC

XUNCE

GDXJ

601899

RING

02899

Private equity products managed by Deng Xiaofeng recently exited the list of the top ten tradable shareholders of Zijin Mining, ending a six-year holding period. Zijin Mining is his most significant holding, and its stock price has surged since the fourth quarter of last year. Based on shareholding numbers and stock price calculations, the profits from Deng Xiaofeng's private equity funds during this period may have exceeded 10 billion yuan

Wallstreetcn

VanEck Junior Gold Miners ETF

Zijin Mining

iShares MSCI Global Gold Miners

VanEck Gold Miners ETF

ZIJIN MINING

Profits Over 6 Years May Exceed 10 Billion Yuan as Deng Xiaofeng-Led Private Equity Funds Exit Zijin Mining's "Top Ten"

GOAU

01787

517520

GOEX

Shanjin International Gold resubmits listing application to Hong Kong Exchange

marketscreener

Us Gbl GLD & Met

SD GOLD

MaxWealth CSI SH-SZ-HK Gold Industry Equity ETF

GLOBAL X Gold Explorers

iShares Gold Trust

Shanjin International Gold resubmits listing application to Hong Kong Exchange

561330

516650

The CICC research report indicates that Zijin Mining is expected to achieve an operating revenue of RMB 349.08 billion in 2025, with a net profit attributable to the parent company of RMB 51.78 billion. It is anticipated that from 2026 to 2028, the production of copper and gold will increase to 1.64 million tons and 135 tons, respectively. The lithium business plans to produce 270,000 to 320,000 tons of LCE by 2028. Due to the expected increase in metal prices and production, CICC has raised its net profit forecast for 2026 by 21.4% to RMB 79.02 billion, and maintains a "outperform industry" rating for Zijin's A-shares and H-shares, with target prices raised to RMB 42 and HKD 44, respectively

AASTOCKS

Guotai CSI Non-Ferrous Metal Kuangye Theme ETF

ChinaAMC CSI Subdivision Non-ferrous Metal Sub-Industry ETF

Hwabao WP CSI Non-ferrous Metal ETF

Guotai CSI Non-ferrous Metal ETF

Yinhua CSI Non-ferrous Metal ETF

Penghua Guozheng Non-ferrous Metal Industry ETF

China Southern CSI SWS Non-Ferrous Metal ETF

In "Major Banks," CITIC Securities raises the target price for Zijin Mining to 44 yuan, citing increases in metal prices and production

600988

06693

Zijin Mining (2899) acquired a controlling stake in CHIFENG GOLD (6693) for over 18.2 billion RMB, becoming its largest single shareholder. This transaction involved Li Jinyang and his concerted actors transferring 242 million unrestricted circulating shares to a wholly-owned subsidiary of Zijin Mining at a price of 41.36 RMB per share, with a total transaction value of 10.006 billion RMB, while the remainder was completed through a directed issuance of H shares. This move marks a change in the actual controller of CHIFENG GOLD to the Finance Bureau of Shanghang County, Fujian Province

Tasty Money

CHIFENG GOLD

Zijin Mining (2899) invested over 18.2 billion yuan to acquire shares in CHIFENG GOLD (6693), becoming the largest single shareholder

Zijin Mining Group Co (ZIJMF) received a new Buy recommendation from Bank of China, with a price target of HK$47.70, while shares closed at HK$34.86. The analyst consensus is a Strong Buy with an average target of HK$51.35, indicating a 47.31% upside. DBS also maintained a Buy rating with a target of HK$55.00.

Tip Ranks

Zijin Mining Group Co (ZIJMF): New Buy Recommendation for This Basic Materials Giant

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Hong Kong stocks rose moderately during intraday trading, with the three major indices collectively in the green, and the Hang Seng TECH Index rising 0.67%. In terms of sectors, consumer retail performance diverged, with SUNART RETAIL up 3.18%. Meituan's 9.87% gain boosted market sentiment, while POP MART slumped over 20%. The market is focusing on the Federal Reserve's moves and economic data such as the Manufacturing PMI, maintaining an overall pattern of volatile consolidation

- As of March 25, Hong Kong stocks are moderately rising, with major indices showing gains; the Hang Seng Index is up 0.35% to 25,151.91, yet has not surpassed the March 20 peak.  
- Market sentiment remains cautious due to fluctuating local consumption and employment indicators, with investors monitoring key economic metrics and uncertainties from the Federal Reserve's policy direction.  
- Notable stocks include CSPC Pharmaceutical, rising 3.36% with a transaction volume of HKD 663 million, and Jiangxi Copper, increasing 4.35% with a volume of HKD 589 million.

Market Heartbeat

POP MART

SUNART RETAIL

TENCENT

BABA-W

MEITUAN

XIAOMI-W

CNOOC

YOFC

BYD COMPANY

SMIC

CSPC PHARMA

JIANGXI COPPER

DONGFANG ELEC

GIGADEVICE

WANGUO GOLD GP

Hang Seng TECH Index

Meituan

HSTECH ETF

Hang Seng Index

Hong Kong Stocks Intraday | Hang Seng Index Rises 0.35%, Retail Diverges, Meituan Rises 9.87%

02824

SGDM

The Hong Kong stock market opened higher in the morning, with the Hang Seng Index rising 216 points to 25,280 points, and the National Index and Hang Seng Tech Index also increasing by 60 points and 47 points, respectively. Despite oil stocks like CNOOC opening lower, gold prices rebounded to $4,500, with related stocks such as ZIJIN MINING and SD GOLD opening higher. Pharmaceutical stocks saw an increase as Innovent Biologics' cooperation agreement with Eli Lilly took effect. Technology stock Xiaomi opened lower, while SenseTime's stock price rose. Overall, the market showed a positive performance

EFUND GOLD MI ETF

Abrdn Gold ETF Trust

ChinaAMC CSI SH-SZ-HK Gold Industry Equity ETF

Sprott JR Gold Miners ETF

SPDR Gold Minishares

Sprott GLD Miners Etf

EFUND GOLD MI-U

EFUND GOLD MI-R

"Hong Kong Stocks" Hang Seng Index opened high at 216 points, CNOOC declined, commodity and gold stocks surged

Citi has maintained a Buy rating on Zijin Mining Group Co (ZIJMF) with a price target of HK$51.80, while the shares closed at HK$32.52. The analyst consensus for the company is Strong Buy, with a target of HK$51.95, indicating a potential upside of 59.73%. Additionally, DBS also supports a Buy rating with a price target of HK$55.00.

Citi Remains a Buy on Zijin Mining Group Co (ZIJMF)

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GDXW

The Hang Seng Index rebounded after three consecutive days of decline, closing today at 25,063 points, up 681 points or 2.8%. Northbound capital saw a net outflow of 27.3 billion yuan today, and southbound funds also experienced outflows. Financial stocks generally rebounded, with significant gains in TRACKER FUND, HSBC Holdings, and AIA. Gold stocks performed strongly, with Zijin Mining and Zhaojin Mining both rising. The market is paying attention to the progress of the US-Iran negotiations, which affects US stocks and bond yields

ChinaAMC Gold ETF

SD-GOLD

Kinross Gold

HSBC Holdings plc ADRhedged

TRACKER FUND

Newmont

SPDR Gold Shares

Direxion Daily Jr Gold Miners Bull 2X

ZHAOJIN MINING

Agnico Eagle Mines

ZHONGJIN GOLD

LAOPU GOLD

Pro Ultr GLD

Microsectors Gold Miners 3x Leveraged ETN

Gold.com

Huaan Yifu Gold ETF

Roundhill Gold Miners Weeklypay ETF

Direxion Daily Gold Miners Bull 2X

"Market Review" Hang Seng Index stops consecutive decline, northbound capital turns to a net outflow of 27.3 billion yuan, Laopu Gold rebounds by 16%

09618

BIDU

UBS released a report, based on fundamental analysis, listing the most popular Chinese stock simulation portfolio, all rated as "Buy." Recommended stocks include JD.com, Baidu, CATL, FUYAO GLASS, Huatai Securities, Zijin Mining, NAURA, TENCENT, YTCO, GDS Holdings, Shengyi Technology, and DEC.LTD, with target prices of HKD 187, HKD 175, RMB 500, HKD 93, RMB 30.49, HKD 63.5, RMB 570, HKD 780, RMB 40, USD 62, RMB 85, and HKD 68, respectively

JD-SW

JD.com

Baidu

NAURA

BIDU-SW

JD HEALTH

FUYAO GLASS

CATL

YTCO

DEC.LTD

iShares MSCI China

Direxion FTSE China Bull 3X

Krne Csi China Internet

Guotai MSCI China A ESG General ETF

Guotai CSI All Share Investment Banking & Brokerage ETF

Hwabao WP CSI All Share Investment Banking & Brokerage ETF

Yinhua MSCI China A ETF

UBS lists a favorite simulated portfolio of Chinese stocks (table)

Reuters

Abrdn Precious Metals Basket ETF Trust

SPDR S&P Mtls & Mng

SPDR GOLD TRT-U

Invesco Db Precious Metals ETF

ISHRS MSCI Glb Slct Met & Mining

VALUEGOLD ETF

SPDR GOLD TRT

YieldMax Gold Miners Opt Inc Strgy ETF

BREAKINGVIEWS-Zijin’s gold buying spree will hit M&A limits

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603416

Multiple A-share listed companies and their shareholders are actively repurchasing shares and increasing holdings amidst market volatility. On the evening of March 23, 16 Shanghai-listed companies disclosed related plans and progress. xinje plans to repurchase 30 million to 50 million yuan, while the major shareholder of YONGGUAN New Material intends to increase holdings by 50 million to 100 million yuan. ZIJIN MINING conducted its first share repurchase of 21 million shares, accounting for 0.08% of total share capital, with a repurchase amount of 642 million yuan

YONGGUAN New Material

xinje

Multiple A-share Companies and Their Shareholders Engage in Large-scale Repurchases and Holding Increases

Today, the chip sector and consumer spending couldn't get a boost. GigaDevice was down 7%, Mixue Group also saw a major crash, and Zijin Mining was also sluggish. It feels like the market is a reflection of involution and liquidity drain. Nationz Technology did rise a little bit, but it can't save the overall mood.Lately, it's been like riding a roller coaster every day. Having a lighter position can still dodge some bullets. Brothers holding heavy positions, keep your mindset steady. Let's all be a bit more zen together 😸

NSING

NSING TECH

MIXUE GROUP

It's good to finally see some food news for alibaba, it has been in the down trend for months. The company is also laying off roughly 30% of its workforce. Hopefully the trend will reverse!

Gold is behaving more like a speculative asset than a safe haven asset. I got burned earlier. Please trade with care.

Dacai

i think gold and silver will rebound and uptrend towards previous high again once war ends.

Valenxis

Total asset size ranks among the top 20% of account holders
Calculated based on  your Longbridge (Singapore) A/C

Total Assets

Current rate of return reached top 90% of users
Calculated based on  your Longbridge (Singapore) A/C

Rate Of Return

I am very bullish on SNDK, I believe the momentum will continue strong. The supply shortage is not going to be resolved anytime soon! I personally hold this stock!

MingHwa

Current rate of return reached top 30% of users
Calculated based on  your Longbridge (Singapore) A/C

Morning ☕️ Middle East tension = oil/gold rollercoaster. Alibaba aiming for $100B AI revenue. Xiaomi's new EV + mega AI model. What's your play today? 👇

BABA-WR

Alibaba

XIAOMI-WR

Xiaomi Corporation

Lumentum

iShares Silver Tr

Pro Ultr Silver

GLD SG

CNMC Goldmine

United States Oil Fund LP

XPeng

Sandisk

DELTON

FIT HON TENG

TIME INTERCON

Xiaomi HK SDR 2to1

☕️ Daily Market Talk | March 20, 2026

Alibaba HK SDR 5to1

XPENG-W

The optical Comms and memory sector appears to be the market darling now after Anthropic sparked the Saaspocalypse which swept through multiple sectors, it seems that the above 2 belong to the physical layer and would not be susceptible to another narrative of AI killing [you name it].

Wonder how many analysts will now revise away their 6000/oz projection fir gold for year end? The risks of global recession are growing bigger with each day Iran bombs its neighborhood oil facilities. The drag is making poor every one, not to mention the ecological damage. Silver and other metals are suffering. Only the factories are rejoicing.

This wave of pressure was too sudden and disorienting, even giants like Alibaba are feeling the strain. Fortunately, we adjusted course in time and got back on track.

向阳

Filter out the noise and look at what matters most in the market - Price. That is the most important and accurate market indicator out there!

I B kiss the $6000 gold goodbye...

Direxion Daily Gold Miners Bear 2X

UBZIJIN@EC2608A(26628.HK)

UBZIJIN@EC2608A Stock Performance Chart

Profits Over 6 Years May Exceed 10 Billion Yuan as Deng Xiaofeng-Led Private Equity Funds Exit Zijin Mining's "Top Ten"

Shanjin International Gold resubmits listing application to Hong Kong Exchange

In "Major Banks," CITIC Securities raises the target price for Zijin Mining to 44 yuan, citing increases in metal prices and production

Zijin Mining (2899) invested over 18.2 billion yuan to acquire shares in CHIFENG GOLD (6693), becoming the largest single shareholder

Zijin Mining Group Co (ZIJMF): New Buy Recommendation for This Basic Materials Giant