---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/34388601.md"
description: "$ZIJIN GOLD INTL(02259.HK)Key point: The company's compound annual growth rate (CAGR) of production from 2022 to 2024 reached 21.4%, ranking first among the world's top 15 gold companies, far exceeding the second place's 9.3% growth rate. During the same period, the CAGR of revenue was 28.2%. Coupled with the Fed's interest rate hike cycle and the rising gold market, the company's performance growth is expected to continue.In summary, the company has advantages in resources, operational efficiency, and profitability, with strong potential for sustained growth and excellent fundamentals.From the perspective of this issuance structure, the sponsors are Morgan Stanley and CITIC, a strong alliance. There are 29 cornerstone investors, even surpassing CATL's 23, with a mix of well-known domestic and foreign investors, making the lineup quite impressive. Although the clawback mechanism B is used, the fundraising amount is substantial at HKD 24.98 billion, second only to CATL's HKD 31 billion IPO in May 2025 on the Hong Kong stock market. It is the second-largest IPO in Hong Kong this year, with a public offering of HKD 2.498 billion and a large volume, which helps improve the lottery success rate.From a market sentiment perspective, recently listed Health 160 and GenFleet Therapeutics saw their grey market and first-day trading prices rise by over 100%. Since the implementation of the new rules, no B-share mechanism stock has broken its issue price. Moreover, Zijin Gold International has excellent fundamentals and is unanimously favored by institutions. Subscription enthusiasm is expected to be high. As of 16:51 on September 19, the public offering margin financing amount was HKD 14.772 billion, oversubscribed by 4.91 times. Additionally, according to the inclusion rules of the Stock Connect, if the company's market capitalization on the first day of listing ranks in the top 10% of the Hang Seng Composite Index constituents, it will be directly included in the Hang Seng Composite Index after the 10th trading day, effective on the 11th trading day. The current inclusion threshold is HKD 164.619 billion. Zijin Gold International is expected to be included in the Connect on the 11th trading day. Interested investors can continue to monitor the subscription situation of this stock."
datetime: "2025-09-23T15:41:27.000Z"
locales:
  - [en](https://longbridge.com/en/topics/34388601.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/34388601.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/34388601.md)
author: "[momoM](https://longbridge.com/en/profiles/7524795.md)"
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/topics/34388601.md) | [繁體中文](https://longbridge.com/zh-HK/topics/34388601.md)


# $ZIJIN GOLD INTL(02259.HK)Key point: The company's…


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## Comments (2)

- **大道至简～ · 2025-09-24T02:49:27.000Z**: Isn't it an interest rate cut?
  - **momoM** (2025-09-24T03:41:01.000Z): Hmm, must have written it wrong