JPZHJIN@EC2604A

BOC International Reiterates Overweight Rating on China's Gold Sector

Hainan Provincial Government Signs Strategic Cooperation Framework Agreement with Shandong Zhaojin Group

Hong Kong Stock Analyst Recommends Buying China 太平 and ZHAOGOLD Mining

Macquarie Upgrades ZHAOGOLD's Profit Forecast to 2027

ZHAOGOLD Mining Achieves Breakthrough in Deep Mining

ZHAOGOLD Mining's Abidjan Gold Mine PV Energy Storage Project Grid-connected Power Generation

Zhaogold International Trade Co., Ltd. Established with a Registered Capital of 100 Million Yuan

ZHAOGOLD Minedevices Issued Sci-Tech Perpetual Corporate Bond

Zhaogold International Holding Co., Ltd. Wholly Founded by Zhaogold Mining

ZHAOGOLD's Hong Kong Subsidiary Donates HKD 3 Million to Support Ma Po Hong Fu Garden Fire Victims

Zhaogold Mining's Return on Capital Grew to 9.5% Over Five Years

ZHAOGOLD Mining Successfully Issues 1 Billion RMB Sci-Tech Innovation Corporate Bonds

ZHAOGOLD Mining Issued Sci-Tech Bond with Scale of 1 Billion Yuan and Interest Rate of 1.89%

Yunnan Zhicheng Mining Development Co., Ltd. Established, Wholly-Owned by Shandong Zhaojin Group

ZHAOGOLD MINING CO., LTD Will Pay Off Principal and Interest of the Second Issue of Ultra-Short Term Financing Notes on November 21, 2025

ZHAOGOLD MINGYI Announces Strategic Partnership with Ant Digital with Focus on Blockchain and AI

ZHAOGOLD MINGYI ENTERS INTO STRATEGIC PARTNERSHIP WITH SIGMALAYER

ZHAOGOLD MINING decides to redeem its 2023 Third Tranche Medium-Term Notes

First Shanghai Maintains Jin Mining's Buy Rating and Predicts Future Profits

Citibank Reports: ZHAOGOLD Net Profit Up 98% in Q3

ZHONGMIAO

NANFANG COMM

XL2CSOPMSTR-U

KNOWLEDGE ATLAS

XL2CSOPMSTR

PENGO HLDG GP

WAI CHUN BIOTEC

KANGDA FOOD

PUTIAN COMM

CHINA WACAN

01818

600547

601899

518850

Speculation and a squeeze: A timeline of the roller coaster ride in gold and silver that ended in a crash

businessinsider

Sprott Active Gold & Silver Miners ETF

iShares Silver Tr

CHI SILVER GP

Abrdn Gold ETF Trust

VanEck Junior Gold Miners ETF

ZHAOJIN MINING

ZIJIN GOLD INTL

iShares MSCI Global Silver Miners

Us Gbl GLD & Met

ZIJIN MINING

Gold.com

Agnico Eagle Mines

Global X Silver Miner

VanEck Gold Miners ETF

CHINAGOLDINTL

SD-GOLD

Zijin Mining

iShares Gold Trust

SPDR Gold Shares

Pro Ultr Silver

ChinaAMC Gold ETF

Abrdn Silver ETF Trust

Speculation and a squeeze: A timeline of the roller coaster ride in gold and silver that ended in a crash

00100

01928

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03288

00992

01787

01347

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MINIMAX-WP(00100) rose 10.68%, with a trading turnover 1.2 Billion HKD, and a year-to-date rose 217.3%. SANDS CHINA LTD(01928) rose 4.05%, with a trading turnover 775.9 Million HKD, and a year-to-date fell 9.6%. SD GOLD(01787) fell 12.56%, with a trading turnover 2.2 Billion HKD, and a year-to-date rose 11.8%. HUA HONG SEMI(01347) fell 11.24%, with a trading turnover 4.9 Billion HKD, and a year-to-date rose 39.2%.

Top Gainers & Losers

MINIMAX-WP

SANDS CHINA LTD

FAST RETAIL-DRS

HAITIAN FLAV

LENOVO GROUP

SD GOLD

HUA HONG SEMI

GIGADEVICE

JIANGXI COPPER

Top 5 HK Stock Gainers/Losers (>100B) (2.2)

600489

02840

Spot gold falls over 6% to $4,563.36/oz

marketscreener

Newmont

Pro Ultrshrt GLD

ISHRS MSCI Glb Slct Met & Mining

Pro Ultr GLD

ZHONGJIN GOLD

SPDR GOLD TRT

GLOBAL X Gold Explorers

Wisdomtree Efficient Gold Plus Gold Miners Stgy Fd - ETF

MaxWealth CSI SH-SZ-HK Gold Industry Equity ETF

Kinross Gold

Abrdn Precious Metals Basket ETF Trust

Direxion Daily Gold Miners Bear 2X

SPDR S&P Mtls & Mng

Tradr 2X Long NEM Daily ETF

Spot gold falls over 6% to $4,563.36/oz

001337

000975

** China's gold stocks plunge as bullion prices correct sharply** China's CSI SSH Gold Equity Index (.CSI931238) tumbles more than 8% in early trading, following Friday's 9% plunge ** Prices of Shanghai-traded gold futures drop more than 10% in early trading ** Shares of listed gold miners, including Sichuan Gold Co , Shanjin International Gold Co and Zhaojin International Gold , all fall by 10%, the most allowed for the day

Reuters

SC GOLD

Chinese gold miners plunge as bullion prices correct

36Kr learned that the three major A-share indices opened mixed, with the Shanghai Composite Index opening down 0.93%, the Shenzhen Component Index opening down 0.54%, and the ChiNext Index opening up 0.65%; the precious metals, telecommunications, and energy sectors led the decline, with ZHAOJIN MINING and GHNM hitting the limit down, China National Offshore Oil Corporation falling over 4%, and China Mobile dropping over 3%; the communication equipment, liquor, and internet sectors strengthened, with Eoptolink rising 9%, and Kweichow Moutai and Capital Online rising over 1%

36Kr

Guotai CSI Non-ferrous Metal ETF

GHNM

GF CSI Rare Metals Theme ETF

ChinaAMC CSI Subdivision Non-ferrous Metal Sub-Industry ETF

China Southern CSI Communication Service ETF

Guotai CSI All Share Communications Equipment ETF

Harvest CNI Communication ETF

Penghua Guozheng Non-ferrous Metal Industry ETF

China Mobile

China Southern CSI SWS Non-Ferrous Metal ETF

Yinhua CSI Non-ferrous Metal ETF

Eoptolink

The three major A-share indices opened mixed, with the precious metals sector leading the decline

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CICC pointed out that a gold price exceeding $5,500 is an important watershed, which could be the ceiling or a new starting point for the gold market. Recently, gold prices rose by 25%, marking the first increase since the 1980s, but then experienced a decline of over 10%, indicating significant market volatility. Analysts believe that gold prices have surpassed fundamental factors, traditional calculation models have failed, and the impacts of geopolitical and monetary system restructuring are difficult to predict. In the short term, sentiment and capital-driven factors are the main influences

- The recent surge in gold prices, briefly exceeding $5,500 per ounce, raises questions about whether this marks a peak or the start of a significant shift in the economic landscape.  
- Factors contributing to this rise include geopolitical uncertainties, a lack of trust in U.S. debt, and the influence of speculative investments, highlighting a potential shift towards diversification from the dollar.  
- The relationship between gold and U.S. debt indicates a pivotal moment, suggesting that if trust in U.S. bonds deteriorates further, gold could emerge as a critical alternative asset for investors and nations alike.

Wallstreetcn

CICC

CHIFENG GOLD

ChinaAMC CSI SH-SZ-HK Gold Industry Equity ETF

iShares MSCI Global Gold Miners

SPDR Gold Minishares

Invesco Db Precious Metals ETF

Microsectors Gold Miners -3x Inverse Leveraged ETN

HS GOLD ETF

CICC: Gold exceeding $5,500 is an important watershed

Gold prices fell after reaching a historical high, with spot gold down 4% to $5,159.07 per ounce, nearly an 8% drop from its peak. Gold mining stocks generally declined, with ZHAOJIN MINING down nearly 10% and ZIJIN MINING down nearly 9%. Other gold mining stocks such as SD GOLD fell 12.72%, LINGBAO GOLD dropped 8.15%, and CHINAGOLDINTL decreased by 8.24%. Gold ETFs also experienced a decline, with SPDR Gold ETF down 6.93%

AASTOCKS

LINGBAO GOLD

EFUND GOLD MI ETF

Gold prices have fallen 4% from their recent highs, with ZHAOJIN MINING down nearly 10% and ZIJIN MINING down nearly 9%

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The Hang Seng Gold ETF (3170.HK) surged over 9% on its debut in Hong Kong as spot gold prices reached a record near $5,600 an ounce. This increase is attributed to investors seeking safety amid geopolitical and economic uncertainties. Gold has risen more than 10% this week, driven by safe-haven demand and central bank purchases. Analysts caution that while the market momentum is strong, caution is advised against buying at elevated prices. E-Fund Management announced a suspension of subscriptions for its Gold Theme Fund due to surging gold prices.

VALUEGOLD ETF

FL2CSOPGOLD

Hang Seng Gold ETF jumps over 9% on debut as spot gold hits record

Gold prices surged to a record high of $5,579 before settling around $5,500, driven by strong safe-haven demand amid geopolitical tensions and a weaker US Dollar. The US Federal Reserve's decision to maintain interest rates has made gold more attractive to investors. However, profit-taking may occur after an 80% year-on-year rise. Analysts suggest that while a pullback is possible, the fundamentals supporting gold are expected to remain strong through 2026, making dips attractive for buyers.

Talkmarkets

Gold Jumps Above $5,500 For The First Time On Record

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On January 28th, the Shanghai Composite Index closed up 0.49%, the Shenzhen Component Index rose 0.09%, and the ChiNext Index fell 0.37%. The market experienced fluctuations and differentiation in the morning, with resource stocks performing strongly. Gold stocks such as SC GOLD and ZHAOJIN MINING hit the daily limit, and oil and gas stocks also saw increases, with CNOOC reaching a new high. In contrast, the photovoltaic sector underwent adjustments, with individual stocks generally declining. Approximately 3,600 stocks in the Shanghai, Shenzhen, and Beijing markets were in the red, and the morning trading volume reached 1.93 trillion yuan

CNOOC

January 28th Midday Review: Shanghai Composite Index rises 0.49% in half a day, precious metals and non-ferrous sectors collectively surge

Citi believes that silver is not the "shadow" of gold, but rather the "square term" of gold. During this round of increases, the premium of Shanghai silver over London has significantly risen and remains at historically high levels, while the premium of Indian silver has also seen a rare rebound recently. Assuming that the gold price operates within a range of USD 5,100–5,400 per ounce, Citi has raised its silver price target for the next 0–3 months to USD 150 per ounce

- Citigroup has significantly raised its silver price target for the next 0–3 months from $100 to $150 per ounce, attributed to strong demand driven by capital allocation logic rather than traditional industrial demand.  
- The current silver market reflects a trend where China is the leading force, with historical premiums indicating robust physical and investment demand, while India's unusual buying pattern is also notable.  
- Overall, Citigroup maintains a bullish outlook on silver, forecasting continued upward momentum influenced by geopolitical risks, despite potential profit-taking around the upcoming Chinese New Year.

Sprott Silver Mnrs & Physical Silver ETF

Pan American Silver

Hunan Silver

Bullish to $150 in the coming weeks! Citigroup shouts that silver is "gold on steroids," led by China with India following suit

On January 27th, the Hong Kong stock market closed with the Hang Seng Index, Hang Seng Tech Index, and National Enterprises Index all rising, continuing the warming market sentiment. The internet content and information sector led the gains, with Alibaba rising 2.1% and Tencent Holdings increasing 1.66%, driving the technology sector's activity. The gold and retail sectors showed a divergence in performance, with Zhaojin Mining slightly up 0.23% and Shandong Gold down 0.66%. Popular stocks such as MINIMAX-WP, Future Robotics Limited, and Anling International surged strongly, with funds clearly focusing on cyclical growth and technology themes, resulting in overall active trading in the market and prominent structural opportunities

- On January 27, the Hong Kong stock market saw all three major indices rise, with the Hang Seng Index closing at 27,126.95, up 1.35%.  
- Key sectors included technology, with Tencent gaining 1.25%, and notable peaks in the gold sector, where Zijin Mining rose 2.89%, driven by acquisition news.  
- Despite positive momentum, uncertainty remains high due to fluctuating economic data and market sentiments.

Market Heartbeat

TENCENT

BIDU-SW

KUAISHOU-W

BILIBILI-W

BABA-W

JD-SW

MNSO

FUTURE MACH LTD

ZONQING LTD

UNI HEALTH

SMIC

XIAOMI-W

Hong Kong stocks close | Hang Seng Index rises 1.35%, technology blue chips lead the gains, MINIMAX-WP surges 26.48%

As of noon, the three major Hong Kong stock indices maintained an upward trend, with the Hang Seng Index, Hang Seng Tech Index, and the National Enterprises Index recording varying degrees of increase, particularly in the gold and technology sectors. Major leaders Tencent Holdings, Alibaba -W, ZIJIN MINING, and ZIJIN GOLD INTERNATIONAL saw significant gains. The various sectors showed divergence, with market hotspots concentrated in gold and pharmaceutical outsourcing, as active funds drove a structural market trend, resulting in an overall positive sentiment. Investors are paying attention to the impact of macro consumption and import-export data on future market trends

- As of midday, Hong Kong stock indices maintained an upward trend with the Hang Seng Index at 27,055.65, up 1.07%.  
- Significant movements included Tencent Holdings increasing 1.08%, while Alibaba rose 2.18%, reflecting varied sector performance amidst macroeconomic concerns over retail and unemployment.  
- Notably, Zijin Mining surged by 4.08% after announcing a major acquisition, highlighting strengthened positions within the gold sector amidst market differentiation and active capital flow.

ADICON HOLDINGS

Hong Kong Stock Midday Review | Hang Seng Index rises 1.08%, with gold and technology sectors leading the gains; ZIJIN MINING surges 10.63%

The US imposed a 39% tariff on imported gold bars, sparking a rally in gold stocks, with Lao Feng Xiang rising nearly 4% again. The semiconductor sector was dragged down by SMIC's Q2 net profit plunging 19%, with most stocks falling.

SMIC HK SDR 5to1

LAOPU GOLD

FORTIOR

Asymchem

HORIZONROBOT-W

HENGRUI PHARMA

Hengrui Pharma

INNOSCIENCE

CE HUADA TECH

BATELAB

ZAI LAB

Zai Lab

TIGERMED

Tigermed

FRONTAGE

TONGGUAN GOLD

Hua Hong

Hot Trades in Hong Kong Stocks (8.8)｜Gold Sector Rises Across the Board on Tariff Catalysts, SMIC Leads Decline by 6%

Safe-haven gold and domestic semiconductors rise as dual main themes! Comprehensive analysis of the two hot sectors in Hong Kong stocks

Semiconductor

Direxion Semicon Bear 3X

Hot Trades in Hong Kong Stocks (8.4)｜ Semiconductor and Gold Stocks Perform Strongly, Innoscience Surges Over 25%

JPZHJIN@EC2604A(13294.HK)

Speculation and a squeeze: A timeline of the roller coaster ride in gold and silver that ended in a crash

Top 5 HK Stock Gainers/Losers (>100B) (2.2)

Spot gold falls over 6% to $4,563.36/oz

Chinese gold miners plunge as bullion prices correct

The three major A-share indices opened mixed, with the precious metals sector leading the decline

Hot Trades in Hong Kong Stocks (8.8)｜Gold Sector Rises Across the Board on Tariff Catalysts, SMIC Leads Decline by 6%

Hot Trades in Hong Kong Stocks (8.4)｜ Semiconductor and Gold Stocks Perform Strongly, Innoscience Surges Over 25%