SG#ZIJINRP2812H

KHOON GROUP

HARBOUR DIGITAL

PETRO-KING

GF HEALTHCARE

CONGYU INTE AGR

160 HEALTH

51WORLD

HUILI RES

KWONG MAN KEE

DOUMOB

82824

02824

SGDJ

601899

600547

02899

09824

600489

518850

This article discusses the real situation of the commodity market through a conversation with Pei Fengke Chen Dapeng. It reviews his first encounter with the commodity industry in 2015-2016, emphasizing the misunderstandings about gold prices at that time and the lag in market reactions. Chen Dapeng shares his work experience at Zijin Mining, involving macro research, strategy research, and commodity investment, pointing out the diversity of market participants and different profit strategies, emphasizing that there is no single trading logic

- The article discusses experiences in the commodities market, particularly focusing on copper and gold trading.  
- It emphasizes the misconception that uniform trading logic exists among market participants and highlights the importance of understanding various perspectives in trading.  
- The author shares insights on market volatility, structural drivers versus cyclical trends, and the interplay of money supply and commodity availability, noting the risks of relying solely on traditional economic cycles.

Wallstreetcn

EFUND GOLD MI-R

EFUND GOLD MI ETF

iShares Gold Trust

Agnico Eagle Mines

Sprott JR Gold Miners ETF

Kinross Gold

Zijin Mining

VanEck Gold Miners ETF

SD-GOLD

SPDR Gold Shares

ZIJIN MINING

EFUND GOLD MI-U

Newmont

Roundhill Gold Miners Weeklypay ETF

ChinaAMC CSI SH-SZ-HK Gold Industry Equity ETF

ZHONGJIN GOLD

VanEck Junior Gold Miners ETF

iShares MSCI Global Gold Miners

ChinaAMC Gold ETF

YieldMax Gold Miners Opt Inc Strgy ETF

Sprott GLD Miners Etf

Clearing the Fog of Commodities to Understand the Real Market [Dialogue with Pei Fengke, Chen Dapeng, Part 1]

Citi published a research report stating that due to the bank's expectation of significant production growth in gold, copper, and lithium over the next few years, relying on the management's strong track record in mergers and acquisitions, the bank has included Zijin Mining in its Asia-Pacific focus list. The escalating geopolitical tensions and central bank gold purchases may keep gold prices high in the short term, while the structural bull market pattern for copper remains unchanged. The bank set a target price of 51.8 yuan for Zijin Mining and a "buy" rating. (ec/)

AASTOCKS

"Major Banks" Citigroup: Zijin Mining included in the Pan-Asia Focus List, optimistic about gold, copper, and lithium production growth, target price 51.8 yuan

AAPL

AAPX

- The current state of consumer electronics is uncomfortable, with rising memory costs pressuring manufacturers to raise prices.  
- Apple has surprisingly lowered the prices of the iPhone 17e and MacBook Neo, employing a strategy known as counter-cyclical expansion to gain market share during cost pressures.  
- This approach not only solidifies Apple's user base but also fosters a shift towards its operating systems, indicating a long-term strategy focused on sustaining capital investment amidst industry challenges.

Apple

T-Rex 2X Long Apple Daily Target ETF

Apple is becoming more and more like Zijin Mining

00HSI

STECH

02800

07200

36Kr learned that the Hong Kong Hang Seng Index fell over 3%, and the Hang Seng TECH Index dropped 2.5%. China Life fell nearly 7%, WUXI BIO and ZIJIN MINING dropped over 5%

36Kr

Hang Seng Index

Hang Seng TECH Index

WUXI BIO

CHINA LIFE

CSOP HS TECH

TRACKER FUND

ISHARESHSI-R

Huatai-PB CSOP Hang Seng Technology ETF(QDII)

HSTECH ETF

CAM HS TECH

ISHARESHSI-U

ISHARESHSTECH

FL2 CSOP HSI

GX HS TECH

China Southern Hang Seng ETF

Hang Seng Index falls over 3%

TCEHY

00700

01024

03690

The Hang Seng Index opened down 298 points at 25,469 points, the National Index opened down 91 points at 8,516 points, and the Hang Seng Tech Index opened down 60 points at 4,816 points. Commodity stocks generally declined, with SD GOLD, ZHAOJIN MINING, and ZIJIN MINING opening down 3.2% to 3.6%. Minmetals Resources' annual net profit soared over 2.1 times, with its stock price opening down 4%. Shipping stocks, PACIFIC BASIN, saw a 56% drop in annual net profit, with its stock price opening down 2%. Technology stocks Tencent, KUAISHOU-W, and MEITUAN opened down 0.9% to 1.3%. Financial stocks HSBC opened down 2.1%

Tencent

TENCENT

KUAISHOU-W

PACIFIC BASIN

ZHAOJIN MINING

Tencent Holdings Limited

MEITUAN

SD GOLD

"Hong Kong Stocks" Hang Seng Index opened down 298 points, commodity stocks declined, and Techtronic Industries fell nearly 5% after earnings

The military actions of the United States and Israel against Iran have escalated, leading to a setback in global stock markets. The Singapore Straits Times Index opened down more than 2% on Monday. Local blue-chip stocks almost all fell, with only Olam International and Sembcorp Industries rising, the latter seeing a price increase of 1.705%. Gold prices rose due to the turbulent situation, with related stocks such as Zhongse Gold Mining rising over 12%

Zaobao

Gold.com

Jinrui Mining

FTSE Straits Times Index

The US-Iran conflict impacts the local stock market, with the Shanghai Composite Index nearly all declining, while defense and gold stocks rise against the trend | Lianhe Zaobao

40015

561360

00883

600028

00386

The Hang Seng Index opened down 324 points at 26,305 points, the National Index opened down 88 points at 8,771 points, and the Hang Seng Tech Index opened down 91 points at 5,046 points. Oil prices surged due to military strikes by the U.S. and Israel against Iran, leading related oil stocks such as Sinopec, PetroChina, and CNOOC to open higher. Gold prices rose, with SD-GOLD and Zijin Mining opening higher. Technology stocks generally opened lower, with Tencent and JD.com down 1.3% and 1.4%, respectively. Xinyi Glass opened up 1.3%, while Xinyi Solar opened down 2.3%

CNOOC F13 N2909

Guotai CSI Oil & Gas Industry ETF

CNOOC

Sinopec Corp.

SINOPEC CORP

"Hong Kong Stocks" Hang Seng Index opened down 324 points, oil and gold stocks rose

00857

601857

PETROCHINA and CNOOC rose by over 5%, while Zijin Mining and Sinopec Corp. rose by over 2%. Risk warning and disclaimer: The market has risks, and investment should be cautious. This article does not constitute personal investment advice and does not take into account the specific investment objectives, financial conditions, or needs of individual users. Users should consider whether any opinions, views, or conclusions in this article are suitable for their specific circumstances. Investment based on this is at one's own risk

PETROCHINA

The Hang Seng Index opened down 1.22%, and the Hang Seng TECH Index fell 1.78%

02259

The Strait of Hormuz has not yet been "physically blocked," but the sharp decline in shipping is due to traders actively avoiding risks, and a surge in oil prices may be inevitable. Goldman Sachs has issued a deep warning that if the conflict evolves into a "protracted war" similar to that of 2022, high fiscal spending combined with energy inflation will force the Federal Reserve to maintain high interest rates amid declining growth. At that time, the U.S. Treasury yield curve will accelerate its flattening, cyclical sectors of the U.S. stock market will be under pressure, and the U.S. dollar and Japanese yen will be the only safe havens for funds

- Recent statements from Trump and Iran have shattered market expectations for a quick resolution to the conflict.  
- Trump emphasized that U.S. and Israeli military actions against Iran will continue until all objectives are met, while Iran maintains control over when and how the war may end.  
- Goldman Sachs warns that the duration of the conflict will significantly influence oil prices and financial markets, with potential comparisons to the 2022 energy shock scenario, amidst concerns over persistent inflation and market volatility.

SPDR Energy Select

Exxon Mobil

Chevron

COSCO SHIP ENGY

COSCO SHIP HOLD

Pro Ultr Silver

Pro Ultrshrt Silver

Lockheed Martin

ZIJIN GOLD INTL

CHIFENG GOLD

Trump did not "quickly resolve" the situation! Global markets face the "Iran impact," with the focus on "duration."

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07500

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Fidelity International and other global investors are returning to Hong Kong's IPO market, signaling a shift in sentiment. After a quiet period, Fidelity backed several major listings, including Zijin Gold International and HashKey Group. This resurgence is attributed to improving sentiment towards consumption, clearer policies in technology, and confidence in Chinese companies' competitiveness. The Hong Kong market has seen strong gains, with foreign capital making up 27% of cornerstone investors in top IPOs. The profile of these investors has shifted, with more global funds participating in recent deals, reflecting a recalibration of risk appetite.

SCMP

FI CSOP HSI

FI2 CSOP HSI

ISHARESHSI

CSOP HSI ETF

HASHKEY HLDGS

The big cornerstone comeback: what’s driving investors back to Hong Kong IPOs?

600875

300750

600183

UBS released a report listing the most favored simulated portfolio stocks by Chinese capital, all of which received a "Buy" rating. Newly included stocks are Sytech, DEC.LTD, and Envicool, while excluded stocks are Horizon Robotics, Sungrow Power, and NetEase. In terms of target prices, CATL is set at 500 RMB, FUYAO GLASS at HKD 96, HTSC at 31.2 RMB, ZIJIN MINING at HKD 47.4, NAURA at 570 RMB, Tencent at HKD 780, YTCO at 40 RMB, Alibaba at USD 190, and GDS-SW at USD 57

DEC.LTD

CATL

Sytech

FYG;FUYAO GLASS

GDS-SW

YTCO

Alibaba

FUYAO GLASS

NAURA

HTSC

Envicool

Guotai MSCI China A ESG General ETF

KraneShares 2x Long BABA Daily ETF

BABA 2x Long Daily ETF - GraniteShares

iShares MSCI China

Krne Csi China Internet

Invesco Golden Dragon China

Direxion FTSE China Bull 3X

Yinhua MSCI China A ETF

UBS lists the most favored simulated portfolio stocks of Chinese-funded institutions (Table)

600988

China Seeks Bullion Dominance With Hong Kong Play

marketscreener

China Seeks Bullion Dominance With Hong Kong Play

600362

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

Us Gbl GLD & Met

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

02513

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.

KNOWLEDGE ATLAS

Meituan

SMIC

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

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

SG#ZIJINRP2812H(56382.HK)

Clearing the Fog of Commodities to Understand the Real Market [Dialogue with Pei Fengke, Chen Dapeng, Part 1]

"Major Banks" Citigroup: Zijin Mining included in the Pan-Asia Focus List, optimistic about gold, copper, and lithium production growth, target price 51.8 yuan

Apple is becoming more and more like Zijin Mining

Hang Seng Index falls over 3%

"Hong Kong Stocks" Hang Seng Index opened down 298 points, commodity stocks declined, and Techtronic Industries fell nearly 5% after earnings