HSZIJIN@EC2604B

DBS Raises Zijin Mining Target Price to 55 HKD

Xu Kunlin Meets Zijin Mining Chairman Zou Laichang, Liaoning Seeks to Deepen Cooperation with Zijin Mining

Citibank Raises Target Price and Profit Forecast for Zijin Mining

Zijin Mining Plans to Start Lithium Production in Congo's Manono Mine in June

JPMorgan Increases Holdings in Zijin Mining H Shares

BOA Securities Raises Output Projections for Zijin Mining to 2028

DBS Analyst Maintains Buy Rating on Zijin Gold International, Sets Target Price at HKD 253.00

Zijin Mining Outlines Ore Production Targets for 2025-2028

Zijin Mining Board Approves 2026-2028 Production Plan and Sets 2035 Long-Term Goals

Zijin Mining provides guarantee for its wholly-owned subsidiary

Zijin Mining Successfully Issued $1.5 Billion Zero-Coupon Convertible Bonds

UBS Increases Its Long Position in Zijin Mining H Shares to 5.53%

Zijin Mining Subsidiary Jincai Investment Issues $1.5 Billion Zero-Coupon Convertible Bonds

Zijin Mining's $1.5 billion convertible bond fully subscribed within 10 minutes

Morgan Stanley Raises Zijin Mining Target Price to 59 Yuan

Zijin Mining to Acquire Allied Gold for RMB 28 Billion

JPMorgan Positive on Zijin Mining's Expansion of Copper and Gold Resources, Maintains Target Price

Morgan Stanley: Zijin Mining Plans to Acquire Allied Gold for CAD 5.5 Billion

Zijin Gold International Expanding Global Gold Investment Portfolio

Zijin Gold International Plans to Acquire Barrick Gold for CAD 5.5 Billion

KO YO GROUP

GEOTECH HLDGS

CHINA INFO TECH

REDCO HEALTHY

AGTECH HOLDINGS

CH CITY INFRA

RMH HOLDINGS

MATRIX HOLDINGS

SOFTMEDX

PUTIAN COMM

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02899

02824

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GDXW

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DBS maintains a "Buy" rating on Zijin Mining, raising the target price to HKD 55. The report points out that active mergers and acquisitions and strong operational capabilities drive the company's growth, with a projected 14% decrease in copper C1 costs to USD 0.93 per pound in 2024. Optimism regarding copper and gold prices will support profit growth, with an expected compound annual growth rate of 44% in earnings by 2027. Gold and copper prices are expected to rise by 39.3% and 12.1%, respectively, in 2026

AASTOCKS

Kinross Gold

Agnico Eagle Mines

SD-GOLD

Us Gbl GLD & Met

Invesco Db Precious Metals ETF

ZIJIN MINING

EFUND GOLD MI ETF

Sprott JR Gold Miners ETF

Newmont

Huaan Yifu Gold ETF

Sprott GLD Miners Etf

EFUND GOLD MI-R

VanEck Gold Miners ETF

VanEck Junior Gold Miners ETF

Pro Ultr GLD

Roundhill Gold Miners Weeklypay ETF

ChinaAMC Gold ETF

ChinaAMC CSI SH-SZ-HK Gold Industry Equity ETF

EFUND GOLD MI-U

iShares MSCI Global Gold Miners

SPDR Gold Shares

ZHONGJIN GOLD

GLOBAL X Gold Explorers

Zijin Mining

Abrdn Gold ETF Trust

DBS Bank maintains a "Buy" rating on Zijin Mining, with a target price raised to 55 yuan

02513

03690

MPNGY

STECH

In terms of sectors, leading technology stocks, semiconductors, non-ferrous metals, and new energy vehicle stocks performed well, with Zijin Mining, Meituan, and SMIC rising over 5%; large model concept stocks retreated, with KNOWLEDGE ATLAS falling nearly 23% and MINIMAX dropping over 13%

- On February 23, the Hang Seng Index and the Hang Seng Tech Index experienced strong fluctuations, with the Hang Seng Index rising 2.53% and the Hang Seng Tech Index increasing 3.34%.  
- Notable performers included Zijin Mining, Meituan, and SMIC, each rising over 5%, while stocks like Zhicheng dropped nearly 23% following prior gains.  
- In the gold sector, China Gold International saw a rise of over 6%, and the significant increase in gold prices has reached over 5,100 USD.

Wallstreetcn

KNOWLEDGE ATLAS

MEITUAN

Meituan

SMIC

Hang Seng TECH Index

iShares Semiconductor ETF

Guotai CSI Semiconductor Material Equipment Theme ETF

VanEck Semiconductor ETF

ChinaAMC SSE STAR Semiconductor Material & Equipment Thematic ETF

GF Fund CSI Semiconductor Material Equipment Theme ETF

ChinaAMC CSI Semiconductor Material & Equipment Thematic ETF

ICBCCS CNI HK Connect Technology ETF

ChinaAMC Guozheng Semiconductor Chip ETF

SPDR S&P Semicon

Hang Seng TECH surged over 3%, Meituan rose over 5%, while the "dual giants of large models" KNOWLEDGE ATLAS and MINIMAX showed significant pullbacks

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On March 15th, former Zijin Mining investment manager Chen Dapeng will guide you through the new paradigm of global metal pricing

- The global metal market achieved significant gains in 2025, with silver rising 154% and gold 67.4%, despite a rapid decline in prices following the nomination of Kevin Warsh as Fed Chairman.  
- As liquidity expectations contracted, metal prices faced volatility, indicating a shift in the market dynamics influenced by resource nationalism and geopolitical tensions.  
- A new course led by Chen Dapeng aims to dissect metal pricing strategies under these evolving conditions, empowering participants with insights into market logic and investment strategies amid the changing landscape.

Hudbay Minerals

JCCL

Southern Copper

Freeport Mcmoran

Abrdn Precious Metals Basket ETF Trust

United States Copper Index

Global X Copper Miners

Sprott Copper Miners ETF

iShares MSCI Global Silver Miners

Sprott Active Gold & Silver Miners ETF

Understanding Gold, Silver, and Copper: Pei Fengke Chen Dapeng Takes You to Understand New Pricing Opportunities for Resources Under the Reconstruction of Global Order

HKEX:MORGAN STANLEY'S LONG POSITION IN H-SHARES OF ZIJIN MINING GROUP INCREASES TO 5.47% ON FEB 11 FROM 4.52%

Reuters

Morgan Stanley's Long Position In H-Shares Of Zijin Mining Group Increases To 5.47% On Feb 11 From 4.52%, HKEX Shows

Zijin Gold Unit Renews Gold Sales Arrangement with Kyrgyzstan-based Gold Producer

marketscreener

YieldMax Gold Miners Opt Inc Strgy ETF

SPDR S&P Mtls & Mng

iShares Gold Trust

Zijin Gold Unit Renews Gold Sales Arrangement with Kyrgyzstan-based Gold Producer

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Gold prices are expected to reach $10,000 an ounce by 2030, according to Louis Navellier, who cites population declines and central banks' inability to combat deflation as key factors. Current volatility is seen as irrelevant, with gold emerging as a preferred hedge against economic downturns. Major economies face systemic declines, pushing investors towards gold over cryptocurrencies, which are losing credibility. Countries like China and Japan are experiencing significant economic challenges, further supporting the bullish outlook on gold as a safe investment.

Dow Jones

ZIJIN GOLD INTL

Gold.com

Direxion Daily Gold Miners Bear 2X

Stop watching gold's daily swings and get ready for a $10,000 supercycle

The Hang Seng Index closed at 26,705 points, up 138 points or 0.5%; the Hang Seng Tech Index reported 5,367 points, up 7 points or 0.1%. The National Index rose 37 points or 0.4%, reporting 9,070 points. Among the active heavyweight stocks, Hong Kong Exchanges and Clearing rose 0.9%, while Xiaomi and Alibaba fell 0.5%. ZIJIN MINING rose 4.7%, and the stocks of Towngas, Cheung Kong Group, WH Group, Tian Gong International, and Conch Venture all reached new highs

According to the "Half-Day Express," the Hang Seng Index closed at 26,705 points, up 138 points; the Hang Seng Tech Index closed at 5,367 points, up 7 points. ZIJIN MINING rose over 4%, while Towngas, Cheung Kong Group, WH Group, Tian Gong International, and Conch Venture reached new highs

00HSI

Hong Kong stocks fell sharply on the last day before the long holiday, with the Hang Seng Index closing at 26,567 points, down 465 points or 1.7%. Meituan plummeted 3.2%, hitting a two-year low, and Zijin Mining dropped 7.6%. The overall market turnover was HKD 257.5 billion, with a net inflow of HKD 20.22 billion from the north. The three major indices rose slightly for the week, with the National Index closing at 9,032 points, down 142 points, and the Tech Index reporting 5,360 points, down 48 points. The resources and precious metals sectors faced a sell-off, and traditional financial stocks also performed weakly

- Hong Kong's stock market faced heavy selling pressure before a long holiday, with the Hang Seng Index closing down 465 points at 26,567.  
- Major indices experienced slight weekly gains despite the day's decline; Meituan performed poorly, while Innovent Biologics and WuXi AppTec showed better results among blue chips.  
- Analysts suggest continued pressure on the market as tech stocks remain weak, anticipating potential testing of support around 26,300 points next week.

Stheadline

Hang Seng Index

The Hang Seng Index fell by 465 points, Meituan dropped sharply by 3%, and Zijin Mining declined by 8%. Experts expect the market to be weak in the first half of the day before the holiday｜Hong Kong stock market closing

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KNOWLEDGE ATLAS(02513) rose 20.65%, with a trading turnover 2.4 Billion HKD, and a year-to-date rose 317.4%. MINIMAX-WP(00100) rose 15.65%, with a trading turnover 1.9 Billion HKD, and a year-to-date rose 312.1%. TME-SW(01698) fell 9.23%, with a trading turnover 247.1 Million HKD, and a year-to-date fell 14.5%. ZIJIN MINING(02899) fell 7.64%, with a trading turnover 4.1 Billion HKD, and a year-to-date rose 16.6%.

Top Gainers & Losers

MINIMAX-WP

CTG DUTY-FREE

GIGADEVICE

LENOVO GROUP

TME-SW

CMOC

Top 5 HK Stock Gainers/Losers (>100B) (2.13)

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01024

09888

09988

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On February 13th, the Hong Kong stock market showed weak sentiment, with all three major indices declining collectively. The Hang Seng Index fell 1.86% during the session and failed to hold its high position, while the Hang Seng TECH Index dropped 1.31%. Under the dual pressure of cooling expectations for a Federal Reserve interest rate cut and intensified industry competition, technology and consumer heavyweight stocks experienced widespread declines. Meituan fell over 3% due to market concerns about a new round of price wars, with Baidu, Alibaba, and others following suit in their corrections. Market risk aversion increased, with funds waiting for the core data at the end of the month to validate the recovery's strength. In terms of individual stocks, the new stock HAIZHI TECH GP surged over 224%, becoming the biggest highlight of the session

- As of February 13, 2026, Hong Kong's stock indices faced downward pressure, with the Hang Seng Index dropping 1.86% to 26,529.94 points amid weakening buying momentum.  
- The technology and retail sectors experienced declines due to concerns over competition and market dynamics, with companies like Tencent and Alibaba seeing significant decreases in share prices.  
- Investors remain cautious, awaiting crucial data later in the month to gauge economic recovery signals and their impact on major sectors.

Market Heartbeat

TENCENT

KUAISHOU-W

BIDU-SW

BABA-W

JD-SW

YUM CHINA

HAIZHI TECH GP

INNOVENT BIO

Hong Kong stock market intraday | The Hang Seng Index fell 1.86% under pressure, technology stocks broadly declined, Meituan dropped 3.48%, and the new stock HAIZHI TECH GP surged 224%

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The Hang Seng Index fell for the second consecutive day, reaching H$26,550, its lowest since February 6, down from a year-to-date high of H$28,000. This decline mirrors global stock trends, with US equities also retreating. Key companies in the index, including Zijin Mining and China Life Insurance, saw significant drops. Despite this, technical analysis suggests a potential rebound if the index remains above the 100-day moving average. The upcoming US consumer inflation report is anticipated to influence market movements further.

Invezz

CHINA LIFE

China Life

Hang Seng Index dips to a key support as global stocks retreat

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The Hang Seng Index opened 392 points lower this morning, with a maximum drop of 494 points, closing at 26,548 points, down 484 points or 1.79%. The turnover was HKD 128.406 billion. The Tech Index fell 89 points or 1.65%. Meituan dropped 4.53%, and Zijin Mining fell 5.19%. HAIZHI TECH GP debuted today, closing at HKD 89.1, up 229.2% from the listing price. The three major U.S. stock indices fell sharply, with technology stocks generally declining, and major stocks like Apple and Cisco performing poorly

- The Hang Seng Index opened down 392 points, closing at 26,548 points, a drop of 484 points or 1.79%, with a turnover of HK$128.4 billion.  
- Major tech stocks faced heavy selling pressure, with Meituan down 4.53% and Alibaba down 2.27%.  
- In the U.S. market, all three major indices fell sharply, influenced by declining technology stocks and concerns over AI's impact on traditional industries.

ISHARESHSTECH

Huatai-PB CSOP Hang Seng Technology ETF(QDII)

The Hang Seng Index fell 484 points in the half-day session, Meituan dropped 4.5%, Zijin Mining fell by 5%, and Haizhi Tech GP rose by 229%｜Hong Kong stock market opens

XIACY

The short selling amount in the Hong Kong stock market reached HKD 16.05 billion in the half-day session, accounting for 15.3% of the total shortable shares traded. The main shorted stocks include Meituan-W with a short selling ratio of 31.8% and a short selling amount of HKD 1.15 billion; Zijin Mining with a short selling ratio of 35.2% and a short selling amount of HKD 1.06 billion; Tencent Holdings with a short selling ratio of 6.8% and a short selling amount of HKD 850 million; Xiaomi Group-W with a short selling ratio of 25.4% and a short selling amount of HKD 730 million; Alibaba-W with a short selling ratio of 12.5% and a short selling amount of HKD 600 million

Xiaomi Corporation

KraneShares 2x Long BABA Daily ETF

Tencent Holdings Limited

Alibaba

XIAOMI-W

Tencent

BABA 2x Long Daily ETF - GraniteShares

The short selling in Hong Kong stocks for half a day reached HKD 16.05 billion, accounting for 15.3% of the total turnover of shortable stocks

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On February 12th, the Hong Kong stock market closed at noon, with the three major indices collectively adjusting after yesterday's surge, and the Hang Seng TECH Index fell by 1.68%. Technology heavyweight stocks were all weak, with Meituan leading the decline, dropping 4.16%, while Tencent and Alibaba also weakened simultaneously. The catering and retail sectors were dragged down by market sentiment. Despite the overall market weakness, ZIJIN MINING rose against the trend by 2.25%, and YOFC surged by 11.35%. Market funds have entered a wait-and-see period, awaiting inflation data to verify the sustainability of consumer recovery

- On February 12, Hong Kong stocks experienced a technical correction after a previous surge, with major indices all declining.  
- The Hang Seng Index fell 0.89% to 27,024.06, while technology and retail sectors were notably affected, with Tencent down 2.65% and Meituan down 4.16%.  
- Market sentiment is cautious ahead of upcoming macroeconomic data releases, including CPI and unemployment rates, vital for assessing the sustainability of local consumption recovery.

BILIBILI-W

MNSO

HAIDILAO

HPC HOLDINGS

TOUYUN BIOTECH

HANVEY GROUP

FL2 CSOP HSI

YOFC

FI CSOP HSI

FI2 CSOP HSI

CSOP HS TECH

Hong Kong Stock Market Mid-Review | The Hang Seng Index fell 0.89%, technology weights weakened across the board, Meituan plummeted 4.16%, and YOFC surged 11.35%

Zijin Mining's drop over the past two days has been a bit absurd. Gold prices just plunged without warning. The A-share market can still hold up, but the Hong Kong market got hammered directly. Although investment banks are still talking it up, after this wave of volatility, I'm feeling a bit mentally drained. Even if the holdings in hand are based on conviction, they can't withstand the market being so turbulent. Hesai Technology just got included in the MSCI index and opened high, but then followed with an adjustment… Even positive news gets digested into volatility. The new energy and autonomous driving concepts are changing day by day now, and actual trading is getting more and more confusing. Kind of want to put the phone down and pretend nothing's happening to the account...

Hesai

HSZIJIN@EC2604B(23800.HK)

DBS Bank maintains a "Buy" rating on Zijin Mining, with a target price raised to 55 yuan

Hang Seng TECH surged over 3%, Meituan rose over 5%, while the "dual giants of large models" KNOWLEDGE ATLAS and MINIMAX showed significant pullbacks

Understanding Gold, Silver, and Copper: Pei Fengke Chen Dapeng Takes You to Understand New Pricing Opportunities for Resources Under the Reconstruction of Global Order

Morgan Stanley's Long Position In H-Shares Of Zijin Mining Group Increases To 5.47% On Feb 11 From 4.52%, HKEX Shows

Zijin Gold Unit Renews Gold Sales Arrangement with Kyrgyzstan-based Gold Producer