--- title: "Hong Kong Stock Movement: ZIJIN GOLD INTL rises 13.20%: Earnings surge and dividend distribution, Citigroup initiates buy rating" type: "News" locale: "en" url: "https://longbridge.com/en/news/296446699.md" description: "ZIJIN GOLD INTL rose 13.20%; Shandong Gold rose 6.87%, with a transaction amount reaching HKD 911 million; Zhaojin Mining rose 6.97%, with a transaction amount reaching HKD 705 million; Lingbao Gold rose 7.17%, with a transaction amount reaching HKD 685 million; China Gold International rose 7.56%, with a market value reaching HKD 98.2 billion" datetime: "2026-08-20T06:52:18.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296446699.md) - [en](https://longbridge.com/en/news/296446699.md) - [zh-HK](https://longbridge.com/zh-HK/news/296446699.md) --- # Hong Kong Stock Movement: ZIJIN GOLD INTL rises 13.20%: Earnings surge and dividend distribution, Citigroup initiates buy rating **Hong Kong Stock Movement** ZIJIN GOLD INTL rose 13.20%. Based on recent key news: 1. On August 17, ZIJIN GOLD INTL announced its interim results, with a net profit of USD 1.45 billion, a year-on-year increase of 179%, and declared its first interim dividend of HKD 1.5 per share. This news drove the stock price up. Source: Bank of America Securities 2. On August 18, Citigroup published a research report, initiating a "Buy" rating for ZIJIN GOLD INTL with a target price of HKD 178, mainly driven by newly acquired assets and expansion. Source: Citigroup 3. On August 17, the Hang Seng Index rebounded by 336 points, with strong overall performance in Hong Kong stocks, benefiting the stock price of ZIJIN GOLD INTL. Source: Now News Channel **Top Stocks by Industry Trading Volume** Shandong Gold rose 6.87%. Based on recent key news: 1. On August 19, the U.S. Treasury announced an expansion of the long-term Treasury bond repurchase program, leading to a decline in U.S. bond yields, a weaker dollar, and gold prices breaking through USD 4,500 per ounce, providing price support for Shandong Gold. Source: Zhitong Finance 2. On August 19, the total U.S. federal government debt exceeded USD 40 trillion, with global central banks increasing gold reserves, further supporting the rise in gold prices. Source: Zhitong Finance 3. On August 18, Shandong Gold, as a leader in the gold industry, ranked high in gold production and resource reserves, benefiting from the rise in gold prices. Source: Zhitong Finance Zhaojin Mining rose 6.97%. Based on recent key news: 1. On August 20, international gold prices broke through USD 4,500 per ounce, and the U.S. Treasury announced an expansion of the long-term Treasury bond repurchase program, leading to a weaker dollar and rising gold prices, causing Zhaojin Mining's stock price to rise by 8%. 2. On August 17, Zhaojin Mining released its semi-annual report for 2026, with operating income increasing by 85.13% year-on-year and net profit increasing by 407.44%, driving the stock price up. 3. On August 18, gold concept stocks benefited from positive earnings reports, rebounding in the afternoon, with Zhaojin Mining rising 4.34%. The rise in gold prices continued, with central banks maintaining their gold purchasing trend. Lingbao Gold rose 7.17%. Based on recent key news: 1. On August 17, Lingbao Gold rose 3.64% in the Hong Kong market, benefiting from the overall rebound in the precious metals sector. Huayuan Securities pointed out that rising geopolitical risks, weak U.S. employment data, and cooling inflation eased market expectations for further interest rate hikes by the Federal Reserve, thus supporting the precious metals sector. 2. On August 20, Lingbao Gold's stock price rose by 8% as spot gold prices broke through USD 4,500 per ounce. The U.S. Treasury announced an expansion of the long-term Treasury bond repurchase program, leading to declines in 30-year Treasury yields and the dollar index, causing gold stocks to rise broadly. Lingbao Gold's subsidiary in Xinjiang significantly increased its gold resources, further driving the stock price up On August 20th, Zhitong Finance reported that gold stocks generally rose, with Lingbao Gold increasing by 9.8%. The U.S. Treasury's debt data has prompted global central banks to increase their gold reserves, supporting gold prices in the long term and highlighting the strategic allocation value of gold. The gold market has seen increased volatility influenced by U.S. Treasury bonds. **Stocks ranked at the top of the industry by market capitalization** China National Gold Group rose by 7.56%. Based on recent key news: 1. On August 20th, the U.S. Treasury expanded the scale of Treasury bond repurchases, leading to a decline in bond yields and an increase in gold prices, which pushed China National Gold Group's stock price up by 7.2%. Source: Economic News 2. On August 17th, China National Gold Group announced that the slope treatment plan for the Changshanhao Gold Mine was approved, with mining operations expected to resume within a month, boosting market confidence. Source: Zhitong Finance 3. On August 19th, China National Gold Group recorded transactions in large trades before the market, with the stock price 1.21% lower than the previous closing price, but the overall market performance was strong. 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