Lao Pu Gold (6181.HK) surged 13% last week and extended gains in Hong Kong trading, climbing 2% to HK$407 as shares hit a one-month high. The stock outperformed the Hang Seng Index over the same period, with short-term capital inflows accelerating.

No specific catalyst has been identified. Lao Pu Gold is now trading near its all-time high following the recent rally.