https://www.scmp.com/rss/205884/feed Zijin Mining is one of the largest gold and copper producers in China. It operates mining projects in various Chinese regions and in 15 countries abroad. Its core asset is the Zijinshan copper-gold mine in Fujian. It also has stakes in projects in the Democratic Republic of the Congo, Australia, Tajikistan, Papua New Guinea, Peru and Canada. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Themis Qi Themis Qi Geopolitical tensions are expected to further drive fundraising demand in the mining sector amid a commodities “supercycle”, although concerns over national security could complicate dealmaking, according to industry experts. Johnson Chui, head of global issuer services at Hong Kong Exchanges and Clearing (HKEX), said 2025 had been an inflection point. Mining and metals companies had become a key driver in the capital market as rising commodity prices, triggered by the energy transition and... https://www.scmp.com/business/commodities/article/3350334/geopolitics-further-fuel-hong-kong-mining-fundraising-amid-supercycle-experts-say?utm_source=rss_feed https://www.scmp.com/business/commodities/article/3350334/geopolitics-further-fuel-hong-kong-mining-fundraising-amid-supercycle-experts-say?utm_source=rss_feed Thu, 16 Apr 2026 11:00:11 +0000 Zhang Shidong Zhang Shidong Hong Kong stocks extended their rebound on Wednesday on signs that a diplomatic solution to Middle East tensions was making progress. The Hang Seng Index rose 1.1 per cent to 25,335.95 at the close, adding to a 2.7 per cent gain a day earlier. Technology stocks advanced, driving the Hang Seng Tech Index up by 1.9 per cent, after China’s anti-monopoly regulator called for an end to the price war in the on-demand food delivery market. On the mainland, the CSI 300 Index climbed 1.4 per cent and the... https://www.scmp.com/business/china-business/article/3347782/hong-kong-stocks-extend-rebound-signs-diplomatic-path-iran-conflict?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3347782/hong-kong-stocks-extend-rebound-signs-diplomatic-path-iran-conflict?utm_source=rss_feed Wed, 25 Mar 2026 02:03:21 +0000 Themis Qi Themis Qi Zijin Mining, China’s largest gold producer, has expanded its buying spree by acquiring controlling shares in China-based Chifeng Jilong Gold Mining for 18.26 billion yuan (US$2.64 billion), the company said. The acquisition came only two months after Zijin Mining proposed to buy Canadian Allied Gold for 28 billion yuan as part of its global expansion. Through its subsidiary Zijin Gold, the acquisition was structured in two primary tranches, Zijin Mining said in a Hong Kong stock exchange filing... https://www.scmp.com/business/commodities/article/3347547/chinas-zijin-mining-clinches-us26-billion-chifeng-gold-takeover-expansion-drive?utm_source=rss_feed https://www.scmp.com/business/commodities/article/3347547/chinas-zijin-mining-clinches-us26-billion-chifeng-gold-takeover-expansion-drive?utm_source=rss_feed Mon, 23 Mar 2026 06:17:31 +0000 Jevans Nyabiage Jevans Nyabiage China is prioritising “strategic material security” under its new five-year plan, which elevates the supply and domestic stockpiling of critical resources to a matter of national security. Under its 15th five-year plan, Beijing has placed “key commodities” on the same strategic level as food and energy security, pledging a more proactive approach to bolstering “energy and resource supply security” by “preventing and mitigating major risks in systemically important areas”. To achieve this, the... https://www.scmp.com/news/china/diplomacy/article/3347132/china-stockpile-critical-resources-and-strengthen-energy-security-avoid-trade-shocks?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3347132/china-stockpile-critical-resources-and-strengthen-energy-security-avoid-trade-shocks?utm_source=rss_feed Sun, 22 Mar 2026 04:00:10 +0000 Yulu Ao Yulu Ao Hong Kong stocks rose on Monday, led by technology heavyweights, as improving sentiment towards the sector offset concerns over prolonged tensions in the Middle East, after prominent investor Michael Burry suggested the city’s tech shares may be undervalued. The Hang Seng Index gained 1.5 per cent to 25,834.02 at the close of trading, reversing the 1 per cent loss recorded on Friday. The Hang Seng Tech Index gained 2.7 per cent. On the mainland, the CSI 300 Index added 0.1 per cent and the... https://www.scmp.com/business/china-business/article/3346696/hong-kong-stocks-edge-lower-us-iran-stand-oil-supply-fears?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3346696/hong-kong-stocks-edge-lower-us-iran-stand-oil-supply-fears?utm_source=rss_feed Mon, 16 Mar 2026 01:57:31 +0000 Cao Li,Zhang Shidong Cao Li,Zhang Shidong Slumping oil prices acted as a catalyst for Hong Kong stocks, with the benchmark posting its biggest rebound in two weeks, after US President Donald Trump signalled a possible end to the Iran war and China’s exports grew at the fastest pace in four years. The Hang Seng Index rallied 2.2 per cent to close at 25,959.90, its best single-day performance since February 23. The Hang Seng Tech Index surged 2.4 per cent. On the mainland, the CSI 300 Index rose 1.3 per cent and the Shanghai Composite... https://www.scmp.com/business/commodities/article/3346031/hong-kong-stocks-rebound-after-oil-falls-trump-says-iran-war-could-end-soon?utm_source=rss_feed https://www.scmp.com/business/commodities/article/3346031/hong-kong-stocks-rebound-after-oil-falls-trump-says-iran-war-could-end-soon?utm_source=rss_feed Tue, 10 Mar 2026 02:27:46 +0000 Zhang Shidong,Cao Li Zhang Shidong,Cao Li Hong Kong stocks fell on Monday, briefly slumping to a six-month low, as a rout spread across major Asia-Pacific markets after crude oil surged above US$100 a barrel, fuelling fears of global stagflation. The Hang Seng Index closed 1.4 per cent lower at 25,408.46. The Hang Seng Tech Index fell 0.1 per cent. On the mainland, the CSI 300 Index fell 1 per cent and the Shanghai Composite Index lost 0.7 per cent. Both Brent and West Texas Intermediate (WTI) oil contracts traded close to US$110 a... https://www.scmp.com/business/markets/article/3345915/hong-kong-stocks-sink-alongside-asian-markets-after-oil-crosses-us100?utm_source=rss_feed https://www.scmp.com/business/markets/article/3345915/hong-kong-stocks-sink-alongside-asian-markets-after-oil-crosses-us100?utm_source=rss_feed Mon, 09 Mar 2026 02:16:01 +0000 Cao Li Cao Li Hong Kong stocks extended declines on Tuesday after panic selling gripped global markets, as the US-Iran war kept investors on edge and surging oil prices fuelled inflation concerns. The Hang Seng Index closed 1.1 per cent lower at 25,768.08 after losing 2.1 per cent on Monday. The Hang Seng Tech Index fell 2.3 per cent. On the mainland, the CSI 300 Index slid 1.5 per cent and the Shanghai Composite Index fell 1.4 per cent. Tensions between the US, its allies and Iran have disrupted global oil... https://www.scmp.com/business/markets/article/3345204/hong-kong-stocks-slide-second-day-us-iran-war-rattles-sentiment?utm_source=rss_feed https://www.scmp.com/business/markets/article/3345204/hong-kong-stocks-slide-second-day-us-iran-war-rattles-sentiment?utm_source=rss_feed Tue, 03 Mar 2026 02:14:04 +0000 Zhang Shidong Zhang Shidong Panic swept markets in Hong Kong and elsewhere in Asia, while oil and gold jumped on Monday, as a flare-up in geopolitical tensions put investors on edge after the US strikes on Iran. The risk-averse mood adds to the uncertainty and volatility surrounding global equities, which have recently been rattled by fears of displacement by artificial intelligence after trading at elevated levels. Iran virtually shut the Strait of Hormuz, through which about a fifth of the world’s shipments of oil and... https://www.scmp.com/business/china-business/article/3345062/hong-kong-stocks-fall-alongside-asian-equities-gold-oil-jump-iran-war?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3345062/hong-kong-stocks-fall-alongside-asian-equities-gold-oil-jump-iran-war?utm_source=rss_feed Mon, 02 Mar 2026 01:56:52 +0000 Yulu Ao Yulu Ao Hong Kong stocks fell on Tuesday, tracking Wall Street’s losses, as renewed concerns about the artificial intelligence race weighed on sentiment, while mainland markets rallied on the first trading day in the Year of the Horse. The Hang Seng Index dropped 1.8 per cent to 26,590.32 at the close of trading, paring some of the 2.5 per cent gain recorded on Monday. The Hang Seng Tech Index fell 2.1 per cent. On the mainland, the CSI 300 Index rose 1 per cent while the Shanghai Composite Index jumped... https://www.scmp.com/business/china-business/article/3344393/hong-kong-stocks-retreat-ai-worries-china-markets-rally-year-horse?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3344393/hong-kong-stocks-retreat-ai-worries-china-markets-rally-year-horse?utm_source=rss_feed Tue, 24 Feb 2026 01:58:23 +0000 Yulu Ao Yulu Ao Hong Kong stocks jumped on Monday, as investors bet the latest adjustment to US tariffs would ease pressure on Chinese exports after a Supreme Court ruling prompted a reshuffling of trade measures. The Hang Seng Index surged 2.5 per cent to 27,081.91 at the close, the biggest gain since January 28. The Hang Seng Tech Index jumped 3.3 per cent, the best increase since January 2. Mainland China’s bourses, which have been closed for Lunar New Year, will reopen on Tuesday. Food-delivery service... https://www.scmp.com/business/china-business/article/3344285/hong-kong-stocks-jump-amid-flight-us-assets-after-latest-trump-tariff-threat?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3344285/hong-kong-stocks-jump-amid-flight-us-assets-after-latest-trump-tariff-threat?utm_source=rss_feed Mon, 23 Feb 2026 01:59:17 +0000 Yulu Ao Yulu Ao Hong Kong stocks rose on Monday as investors headed into the Lunar New Year holiday on an upbeat note, betting that the Year of the Horse will extend a rally that delivered the biggest lunar-year gain in eight years amid strong southbound inflows. The Hang Seng Index rose 0.5 per cent to 26,705.94 at the close of trading at noon, ending a two-day decline. The Hang Seng Tech Index added 0.1 per cent. The Hang Seng Index is up 32 per cent since the Year of the Snake began on January 29, 2025, the... https://www.scmp.com/business/china-business/article/3343666/hong-kong-stocks-slip-light-trading-investors-prepare-lunar-new-year-break?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3343666/hong-kong-stocks-slip-light-trading-investors-prepare-lunar-new-year-break?utm_source=rss_feed Mon, 16 Feb 2026 01:51:02 +0000 Zhang Shidong Zhang Shidong Hong Kong stocks fell on Friday, almost wiping out a weekly gain, after a sell-off resumed on Wall Street on renewed concerns that artificial intelligence would disrupt business models across multiple industries. The Hang Seng Index slid 1.7 per cent to 26,567.12 at the close. For the week, the gauge barely budged, with a less than 0.1 per cent gain. The Hang Seng Tech Index dropped 0.9 per cent. On the mainland, the CSI 300 Index and the Shanghai Composite Index both retreated 1.3 per... https://www.scmp.com/business/china-business/article/3343394/hong-kong-stocks-decline-taking-cues-us-rout-jitters-about-ai-disruption?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3343394/hong-kong-stocks-decline-taking-cues-us-rout-jitters-about-ai-disruption?utm_source=rss_feed Fri, 13 Feb 2026 02:03:36 +0000 Yulu Ao Yulu Ao Hong Kong stocks edged up on Wednesday, recovering from tech-led losses in the morning, as gains in mainland solar companies and easing concerns over a broad value-added tax (VAT) hike helped lift sentiment. The Hang Seng Index rose 0.1 per cent to 26,847.32 at the close of trading, after falling as much as 0.9 per cent earlier. The Hang Seng Tech Index fell 1.8 per cent. On the mainland, the CSI 300 Index gained 0.8 per cent while the Shanghai Composite Index added 0.9 per cent. Power-tool... https://www.scmp.com/business/china-business/article/3342300/hong-kong-stocks-slip-tax-worries-weigh-tech-mainland-stock-sentiment?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3342300/hong-kong-stocks-slip-tax-worries-weigh-tech-mainland-stock-sentiment?utm_source=rss_feed Wed, 04 Feb 2026 01:52:34 +0000 Yulu Ao Yulu Ao Hong Kong stocks rose on Tuesday amid stabilising risk sentiment, but losses in technology shares capped the upside amid market chatter that Chinese authorities may target financial and internet value-added services for tax-rate adjustments. The Hang Seng Index climbed 0.2 per cent to 26,834.77 at the close of trading, after rising as much as 1.3 per cent earlier. The Hang Seng Tech Index fell 1.1 per cent. On the mainland, the CSI 300 Index gained 1.2 per cent and the Shanghai Composite Index... https://www.scmp.com/business/china-business/article/3342166/hong-kong-stocks-rise-easing-geopolitical-tensions-precious-metals-gain?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3342166/hong-kong-stocks-rise-easing-geopolitical-tensions-precious-metals-gain?utm_source=rss_feed Tue, 03 Feb 2026 01:48:07 +0000 Yulu Ao Yulu Ao Hong Kong stocks fell on Monday, mirroring Wall Street’s retreat, as risk sentiment evaporated after a choppy end to last week that also dragged down precious metals. The Hang Seng Index declined 2.2 per cent to 26,775.57 at the close of trading, the biggest drop since November 21. It added to a 2.1 per cent loss recorded in the previous session. The Hang Seng Tech Index dropped 3.4 per cent. On the mainland, the CSI 300 Index lost 2.1 per cent and the Shanghai Composite Index fell 2.5 per... https://www.scmp.com/business/china-business/article/3342032/hong-kong-stocks-drop-shaky-risk-sentiment-us-equities-and-metals-slide?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3342032/hong-kong-stocks-drop-shaky-risk-sentiment-us-equities-and-metals-slide?utm_source=rss_feed Mon, 02 Feb 2026 02:00:04 +0000 Themis Qi Themis Qi China suspended trading of five commodity funds on Friday to curb investment mania in gold, silver and oil and reduce underlying risks amid geopolitical tensions. The only public fund investing in silver futures in mainland China, UBS SDIC Silver Futures Fund, a listed open-ended fund (LOF), will be suspended for the whole day on Friday, the second such halt since January 22. The trading halt also spread to oil LOFs, four of which were halted for an hour up to 10.30am on Friday. Before the... https://www.scmp.com/business/markets/article/3341783/china-halts-trading-5-silver-and-oil-funds-limit-risk-amid-volatility?utm_source=rss_feed https://www.scmp.com/business/markets/article/3341783/china-halts-trading-5-silver-and-oil-funds-limit-risk-amid-volatility?utm_source=rss_feed Fri, 30 Jan 2026 05:30:10 +0000 Yulu Ao Yulu Ao Hong Kong stocks retreated on Friday, ending a seven-day rally, as investors locked in profits on the final trading day in January after a sharp month-long surge. Investors were also cautious ahead of an announcement on the US Federal Reserve’s next chair. The Hang Seng Index fell 2.1 per cent to 27,387.11 at the close, pulling back from a multi-year high on Thursday. The benchmark climbed 6.8 per cent this month, its strongest performance since September 2025, when it finished 7.1 per cent... https://www.scmp.com/business/china-business/article/3341753/hong-kong-stocks-end-7-day-rally-investors-resort-profit-taking?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3341753/hong-kong-stocks-end-7-day-rally-investors-resort-profit-taking?utm_source=rss_feed Fri, 30 Jan 2026 02:18:48 +0000 Yulu Ao Yulu Ao Hong Kong stocks extended gains for a seventh day on Thursday, supported by resource and property firms, with analysts maintaining an earnings-driven “slow bull” outlook for the market. The Hang Seng Index closed 0.5 per cent higher at 27,968.09, after briefly crossing 28,000 points, a level last seen in July 2021. The benchmark gained 2.6 per cent on Wednesday. The Hang Seng Tech Index dropped 1 per cent. On the mainland, the CSI 300 Index rose 0.8 per cent and the Shanghai Composite Index... https://www.scmp.com/business/china-business/article/3341611/hong-kong-stocks-snap-gains-profit-taking-concerns-over-ai-investment-returns?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3341611/hong-kong-stocks-snap-gains-profit-taking-concerns-over-ai-investment-returns?utm_source=rss_feed Thu, 29 Jan 2026 02:20:11 +0000 Yulu Ao Yulu Ao Hong Kong stocks rose on Wednesday to their highest level in four and a half years as investors expect equities to rally further on the back of robust corporate earnings and a rotation away from US assets amid geopolitical tensions. The Hang Seng Index closed 2.6 per cent higher at 27,826.91, the highest since July 2021. The Hang Seng Tech Index gained 2.5 per cent. On the mainland, both the CSI 300 Index and the Shanghai Composite Index added 0.3 per cent. Lender HSBC Holdings rose 2.2 per cent... https://www.scmp.com/business/china-business/article/3341476/hong-kong-stocks-maintain-momentum-hit-4-year-high?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3341476/hong-kong-stocks-maintain-momentum-hit-4-year-high?utm_source=rss_feed Wed, 28 Jan 2026 02:10:49 +0000 Peggy Ye Peggy Ye China’s biggest mining company Zijin Mining Group is acquiring Canadian miner Allied Gold in an all-cash deal valued at about C$5.5 billion (US$4 billion), the first major cross-border transaction after Beijing and Ottawa recently reset ties after years of diplomatic strain. Zijin Gold International, a Hong Kong-listed subsidiary of Zijin Mining, agreed to buy all issued and outstanding shares of Allied Gold for C$44 per share, according to a joint announcement on Monday. Zijin Gold’s shares... https://www.scmp.com/business/article/3341330/chinas-largest-gold-miner-zijin-buys-canadas-allied-gold-us4-billion-ties-thaw?utm_source=rss_feed https://www.scmp.com/business/article/3341330/chinas-largest-gold-miner-zijin-buys-canadas-allied-gold-us4-billion-ties-thaw?utm_source=rss_feed Tue, 27 Jan 2026 03:37:54 +0000 Yulu Ao Yulu Ao Hong Kong stocks extended a rally for a fifth day on Tuesday, supported by Wall Street gains and Chinese industrial profit data pointing to improved earnings momentum for industrial firms. The Hang Seng Index closed 1.4 per cent higher at 27,126.95, the highest level since October 3. The Hang Seng Tech Index gained 0.5 per cent. On the mainland, the CSI 300 Index was little changed and the Shanghai Composite Index added 0.2 per cent. Metal firms rose as demand for non-ferrous metals continues to... https://www.scmp.com/business/china-business/article/3341323/hong-kong-stocks-rise-fifth-day-led-chinese-metals-firms?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3341323/hong-kong-stocks-rise-fifth-day-led-chinese-metals-firms?utm_source=rss_feed Tue, 27 Jan 2026 02:11:04 +0000 Yulu Ao Yulu Ao Hong Kong stocks closed marginally higher on Monday amid geopolitical tensions, with some investors rotating into Chinese equities as a hedge against US market volatility, while optimism over a nascent rebound in the city’s property market pushed developers higher. Haven assets such as gold and silver surged to new highs. The Hang Seng Index rose less than 0.1 per cent to 26,765.52, after dropping as much as 0.5 per cent. The Hang Seng Tech Index lost 1.2 per cent. On the mainland, the CSI 300... https://www.scmp.com/business/china-business/article/3341194/pop-mart-zijin-mining-lead-hong-kong-stocks-higher-early-trading?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3341194/pop-mart-zijin-mining-lead-hong-kong-stocks-higher-early-trading?utm_source=rss_feed Mon, 26 Jan 2026 02:01:57 +0000 Jevans Nyabiage Jevans Nyabiage China ramped up its exports to Africa last year, widening its trade surplus with the continent by 64.5 per cent to a record US$102 billion, according to Chinese customs figures. The jump in the trade gap – up from US$62 billion the previous year – was driven by a 25.8 per cent surge in Chinese exports to the continent to US$225 billion, far outpacing the 5.4 per cent growth in African shipments to China to US$123 billion, according to the latest data from China’s General Administration of... https://www.scmp.com/news/china/diplomacy/article/3340674/chinese-goods-pour-africa-widening-trade-gap-record-us102-billion-amid-us-pressure?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3340674/chinese-goods-pour-africa-widening-trade-gap-record-us102-billion-amid-us-pressure?utm_source=rss_feed Wed, 21 Jan 2026 12:00:12 +0000 Zhang Shidong Zhang Shidong A brief rebound in Hong Kong stocks, spurred by an improved China inflation reading, waned on Friday, as investors suspect that the easing deflationary trend could just be a blip. The Hang Seng Index closed 0.3 per cent higher at 26,231.79, trimming a gain of as much as 0.6 per cent. The Hang Seng Tech Index rose 0.2 per cent. On the mainland, the CSI 300 Index climbed 0.5 per cent and the Shanghai Composite Index added 0.9 per cent. Alibaba Group Holding rallied 2.7 per cent to HK$146.50 and... https://www.scmp.com/business/china-business/article/3339256/hong-kong-stocks-snap-2-day-decline-china-deflationary-pressure-wanes?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3339256/hong-kong-stocks-snap-2-day-decline-china-deflationary-pressure-wanes?utm_source=rss_feed Fri, 09 Jan 2026 02:34:11 +0000 Zhang Shidong Zhang Shidong A rotation into Chinese technology companies drove Hong Kong stocks to their highest in seven weeks on Tuesday as investors sought alternatives for frothy US peers, while a gauge of Chinese mainland equities refreshed a decade high. The Hang Seng Index advanced 1.4 per cent to 26,710.45 at the close, the highest level since November 13. The Hang Seng Tech Index jumped 1.5 per cent. On the mainland, the Shanghai Composite Index climbed 1.5 per cent, closing at the highest since July 2015, while... https://www.scmp.com/business/china-business/article/3338843/hong-kong-stocks-hit-7-week-high-investors-rotate-chinese-tech-names?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3338843/hong-kong-stocks-hit-7-week-high-investors-rotate-chinese-tech-names?utm_source=rss_feed Tue, 06 Jan 2026 02:28:22 +0000 Zhang Shidong Zhang Shidong Concerns about China’s deteriorating growth prospects dragged Hong Kong stocks to their lowest level in three weeks, while investors refrained from fresh bets before a US jobs report that could determine the Federal Reserve’s interest-rate path. The Hang Seng Index closed 1.5 per cent lower at 25,235.41, a level not seen since November 21. The decline was broad-based, with all but eight stocks on the 89-member benchmark falling. The Hang Seng Tech Index slumped 1.7 per cent. On the mainland, the... https://www.scmp.com/business/china-business/article/3336561/hong-kong-stocks-hit-3-week-low-china-growth-jitters-dampen-sentiment?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3336561/hong-kong-stocks-hit-3-week-low-china-growth-jitters-dampen-sentiment?utm_source=rss_feed Tue, 16 Dec 2025 02:45:53 +0000 Zhang Shidong Zhang Shidong Hong Kong stocks edged up on Thursday as softer data on the US jobs market reinforced bets on an interest-rate cut next week. The Hang Seng Index rose 0.7 per cent to 25,935.90 at the close, after fluctuating between gains and losses in morning trading. The Hang Seng Tech Index rallied 1.5 per cent. On the mainland, the CSI 300 Index gained 0.3 per cent and the Shanghai Composite Index slipped 0.1 per cent. Gold producer Zijin Mining Group advanced 1.3 per cent to HK$33.20, mirroring recent... https://www.scmp.com/business/china-business/article/3335134/hong-kong-stocks-take-breather-investors-look-fresh-catalysts-after-rally?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3335134/hong-kong-stocks-take-breather-investors-look-fresh-catalysts-after-rally?utm_source=rss_feed Thu, 04 Dec 2025 02:20:30 +0000 Bloomberg Bloomberg Zijin Mining Group’s founder Chen Jinghe will step down as chairman after steering the company to the upper echelon of global metals miners following a decades-long run of growth. The 68-year-old will become honorary chairman and senior consultant for the company after deciding to not accept nomination as a candidate for the board due to age and family reasons, according to an exchange filing on Saturday. The Fujian-based group did not name a successor. Zijin’s market value ballooned to more... https://www.scmp.com/business/commodities/article/3334757/mainland-chinese-miner-zijins-founder-who-built-us100-billion-firm-retires?utm_source=rss_feed https://www.scmp.com/business/commodities/article/3334757/mainland-chinese-miner-zijins-founder-who-built-us100-billion-firm-retires?utm_source=rss_feed Mon, 01 Dec 2025 08:37:36 +0000 Yulu Ao Yulu Ao Hong Kong stocks rose on Monday, led by technology heavyweights, as growing conviction about a US interest-rate cut this month overcame concerns about an artificial-intelligence bubble and a contraction in mainland factory activity. The Hang Seng Index added 0.7 per cent to close at 26,033.26. The Hang Seng Tech Index gained 0.8 per cent. On the mainland, the CSI 300 Index advanced 1.1 per cent and the Shanghai Composite Index rose 0.7 per cent. Among major gainers, e-commerce firm Alibaba Group... https://www.scmp.com/business/china-business/article/3334704/tech-firms-lead-hong-kong-stocks-upwards-rate-cut-month-locked?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3334704/tech-firms-lead-hong-kong-stocks-upwards-rate-cut-month-locked?utm_source=rss_feed Mon, 01 Dec 2025 02:21:14 +0000 Junjie Wang Junjie Wang – https://www.scmp.com/plus/article/3334447/gold-fever-china?utm_source=rss_feed https://www.scmp.com/plus/article/3334447/gold-fever-china?utm_source=rss_feed Fri, 28 Nov 2025 03:07:48 +0000 Reuters Reuters Morgan Stanley’s underwriting of Zijin Gold International’s Hong Kong initial public offering (IPO) placed it and its US investors at risk of regulatory, financial and reputational harm, a US House of Representatives committee told the bank on Thursday. Zijin Gold is a subsidiary of Zijin Mining Group, a global mining company based in China that is on a US government list of companies whose imports are banned over alleged human rights abuses involving Uygurs. In September, Morgan Stanley... https://www.scmp.com/business/banking-finance/article/3332720/morgan-stanley-faces-us-scrutiny-over-zijin-golds-hong-kong-ipo?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3332720/morgan-stanley-faces-us-scrutiny-over-zijin-golds-hong-kong-ipo?utm_source=rss_feed Fri, 14 Nov 2025 01:36:33 +0000 Zhang Shidong Zhang Shidong Zijin Mining Group and other Chinese gold producers may get another boost from a spurt in the price of the precious metal, as some investment banks and asset managers believe the record-breaking rally in bullion is far from over. Gold reclaimed the US$4,100 an ounce level this week, indicating that a brutal sell-off last month that sent it plunging from a record US$4,381 may be over. UBS Group’s global wealth management unit predicts that gold will hold onto the US$4,200 level in the next 12... https://www.scmp.com/business/china-business/article/3332339/chinese-gold-stocks-set-shine-ubs-and-schroders-see-bullion-extending-gains?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3332339/chinese-gold-stocks-set-shine-ubs-and-schroders-see-bullion-extending-gains?utm_source=rss_feed Tue, 11 Nov 2025 23:30:09 +0000 Xinmei Shen Xinmei Shen Investment in nuclear fusion power is heating up in China, with Ant Group placing a bet on the developing technology as energy becomes a new front in the US-China artificial intelligence race. Hefei-based Xeonova said on Monday it had raised hundreds of millions of yuan in a pre-A funding round led by Ant Group. Other investors include Hidden Hill Capital and Zijin Mining Group. Ant Group is an affiliate of Alibaba Group Holding, owner of the Post. Fusion, the process of combining two light... https://www.scmp.com/tech/article/3332192/ant-group-joins-chinas-nuclear-fusion-funding-surge-ai-race-fuels-energy-demand?utm_source=rss_feed https://www.scmp.com/tech/article/3332192/ant-group-joins-chinas-nuclear-fusion-funding-surge-ai-race-fuels-energy-demand?utm_source=rss_feed Mon, 10 Nov 2025 10:00:31 +0000 Yulu Ao Yulu Ao Hong Kong stocks rose on Monday as US-China trade tensions were soothed after Beijing said it would suspend new export controls on rare earth metals and terminate investigations into US firms in the semiconductor supply chain. The Hang Seng Index closed 1 per cent higher at 26,158.36. The Hang Seng Tech Index added 0.2 per cent. On the mainland, the CSI 300 Index strengthened 0.3 per cent and the Shanghai Composite Index added 0.5 per cent. Leading the gainers, online travel-booking agency... https://www.scmp.com/business/china-business/article/3331270/hong-kong-stocks-rise-trade-agreement-soothes-fears-rare-earths-chips?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3331270/hong-kong-stocks-rise-trade-agreement-soothes-fears-rare-earths-chips?utm_source=rss_feed Mon, 03 Nov 2025 02:21:15 +0000 Daniel Ren Daniel Ren Hong Kong Exchanges and Clearing (HKEX) CEO Bonnie Chan Yiting cautioned that the fundraising bonanza in the city, which leads the global initial public offering (IPO) rankings this year, could slow down amid geopolitical and economic risks. “I would say that we need to be very conscious that the world is still under a lot of stress geopolitically and macroeconomically,” she said at the Bund Summit financial forum in Shanghai on Thursday. “I think it’s too early [for the HKEX] to claim... https://www.scmp.com/business/markets/article/3330107/hkex-ceo-bonnie-chan-says-geopolitics-and-economic-uncertainty-may-dim-ipo-outlook?utm_source=rss_feed https://www.scmp.com/business/markets/article/3330107/hkex-ceo-bonnie-chan-says-geopolitics-and-economic-uncertainty-may-dim-ipo-outlook?utm_source=rss_feed Thu, 23 Oct 2025 13:22:41 +0000 Zhang Shidong Zhang Shidong Zijin Mining Group and other gold producers slumped in Hong Kong and Chinese mainland trading, tracking the steepest decline in the yellow metal in 12 years after investors took profits from a torrid rally and geopolitical risks showed signs of receding. Fujian province-based Zijin Mining tumbled 1.7 per cent to HK$31.80 in the city, while Shandong Gold Mining plunged 2.6 per cent to HK$34.50 and Chifeng Jilong Gold Mining sank 3 per cent to HK$28.52. A gauge of 43 gold-linked stocks trading on... https://www.scmp.com/business/china-business/article/3329890/chinese-gold-producers-tumble-after-bullions-biggest-drop-12-years-shatters-record-run?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3329890/chinese-gold-producers-tumble-after-bullions-biggest-drop-12-years-shatters-record-run?utm_source=rss_feed Wed, 22 Oct 2025 07:00:09 +0000 Yulu Ao Yulu Ao Hong Kong stocks fell on Wednesday, tracking weakness on Wall Street as its recent rally lost momentum, while gold and silver extended their pullback from record highs. Investors also weighed whether US-China tensions could ease after US President Donald Trump offered mixed signals on a potential meeting with his Chinese counterpart Xi Jinping. The Hang Seng Index declined 0.9 per cent to 25,781.77 at the close of trading, erasing the 0.7 per cent gain recorded on Tuesday. The Hang Seng Tech... https://www.scmp.com/business/china-business/article/3329869/hong-kong-stocks-mirror-wall-street-slide-gold-and-silver-extend-retreat?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3329869/hong-kong-stocks-mirror-wall-street-slide-gold-and-silver-extend-retreat?utm_source=rss_feed Wed, 22 Oct 2025 02:23:35 +0000 Julie Zhang Julie Zhang These days Frank Yu, the head of investment banking at Citic Securities International, juggles back-to-back meetings from morning to evening, a sign of bustling activity in Hong Kong’s capital markets. A wave of international capital, from hedge funds to long-only investors from Asia, the US and the Middle East, is flowing into initial public offerings (IPOs) and refinancing deals, drawn by the value and quality of Chinese assets. Hong Kong-headquartered Citic Securities International is a prime... https://www.scmp.com/business/banking-finance/article/3329806/citic-securities-rides-hong-kongs-ipo-wave-sponsoring-dozens-firms-seeking-listings?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3329806/citic-securities-rides-hong-kongs-ipo-wave-sponsoring-dozens-firms-seeking-listings?utm_source=rss_feed Wed, 22 Oct 2025 00:30:09 +0000 Zhang Shidong Zhang Shidong Hong Kong stocks dropped for a seventh consecutive day, marking the benchmark’s longest losing stretch since January 2024, as investors weighed geopolitical risks after a re-escalation of China-US tensions. The Hang Seng Index fell 1.7 per cent to 25,441.35 at the close, registering a 6.8 per cent decline in the seven-day run. The Hang Seng Tech Index retreated 1.7 per cent. On the mainland, the CSI 300 Index slid 1.2 per cent and the Shanghai Composite Index fell 0.6 per cent. Galaxy... https://www.scmp.com/business/china-business/article/3328885/hong-kong-stocks-snap-6-day-losing-streak-taco-trade-returns?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3328885/hong-kong-stocks-snap-6-day-losing-streak-taco-trade-returns?utm_source=rss_feed Tue, 14 Oct 2025 02:32:22 +0000 Yulu Ao Yulu Ao Hong Kong stocks fell on Friday, tracking a pause in Wall Street’s rally, driven by growing investor concerns that the artificial intelligence boom has pushed valuations to excessive levels. The Hang Seng Index closed 1.7 per cent lower at 26,290.32, taking its loss for the week to 3.1 per cent, the most since easing 3.5 per cent for the five-day period ended August 1. The Hang Seng Tech Index shed 3.3 per cent. On the mainland, the CSI 300 Index declined 2 per cent and the Shanghai Composite... https://www.scmp.com/business/china-business/article/3328459/hong-kong-stocks-mirror-wall-street-drop-ai-bubble-fears-grow-excessive-valuations?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3328459/hong-kong-stocks-mirror-wall-street-drop-ai-bubble-fears-grow-excessive-valuations?utm_source=rss_feed Fri, 10 Oct 2025 02:29:21 +0000 Christopher Cottrell Christopher Cottrell A new chapter in Pacific security began this week as Australia and Papua New Guinea (PNG) signed a mutual defence agreement that draws the strategically vital yet volatile Melanesian nation further into Canberra’s sphere of influence – as China watches closely. The “Pukpuk Treaty”, signed in Canberra on Monday by Australian Prime Minister Anthony Albanese and his Papua New Guinean counterpart James Marape, is Australia’s largest Pacific security pact in seven decades. Named after the Tok Pisin... https://www.scmp.com/week-asia/politics/article/3328115/what-australias-pukpuk-pact-png-means-pacific?utm_source=rss_feed https://www.scmp.com/week-asia/politics/article/3328115/what-australias-pukpuk-pact-png-means-pacific?utm_source=rss_feed Tue, 07 Oct 2025 08:27:53 +0000 SCMP Editorial SCMP Editorial The gold rally that began in late 2022 continues to shine as there has been no meaningful correction so far. The Hong Kong government has gone along for the ride as it ramps up efforts to turn the city into a regional gold reserve hub. In the latest annual policy address, Hong Kong aims to achieve gold storage capacity of more than 2,000 tonnes over the next three years. With falling interest rates, geopolitical tensions and uncertainty about world economic growth, gold remains the classic... https://www.scmp.com/opinion/comment/article/3327991/hong-kongs-push-be-gold-reserves-hub-right-move?utm_source=rss_feed https://www.scmp.com/opinion/comment/article/3327991/hong-kongs-push-be-gold-reserves-hub-right-move?utm_source=rss_feed Mon, 06 Oct 2025 23:15:13 +0000 Yulu Ao Yulu Ao Hong Kong stocks fell on Monday as the US government shutdown hit investor sentiment and spurred demand for safe-haven assets like gold. The Hang Seng Index closed 0.7 per cent lower at 26,957.77, trimming some of the 3.9 per cent gain recorded last week. The Hang Seng Tech Index lost 1.1 per cent. There will be no trading in Hong Kong on Tuesday on account of a public holiday. Mainland stock exchanges are closed for the National Day and Mid-Autumn Festival holidays until... https://www.scmp.com/business/china-business/article/3327948/hong-kong-stocks-fall-us-shutdown-dampens-investor-sentiment?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3327948/hong-kong-stocks-fall-us-shutdown-dampens-investor-sentiment?utm_source=rss_feed Mon, 06 Oct 2025 02:25:34 +0000 Yulu Ao Yulu Ao Hong Kong stocks fell on Friday as investors took profits, especially in high-flying sectors, pausing a recent rally. The Hang Seng Index fell 0.5 per cent to 27,140.92 at the close to end the week with a gain of 3.9 per cent. The Hang Seng Tech Index fell 0.9 per cent. Mainland stock exchanges are closed for the National Day and Mid-Autumn Festival holidays from Wednesday through October 8. Search-engine giant Baidu lost 0.7 per cent to HK$138.20 and short-video platform Kuaishou Technology... https://www.scmp.com/business/china-business/article/3327708/hong-kong-stock-rally-takes-pause-investors-gather-profits?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3327708/hong-kong-stock-rally-takes-pause-investors-gather-profits?utm_source=rss_feed Fri, 03 Oct 2025 02:16:38 +0000 Brian Rhoads,Raymond Ma Brian Rhoads,Raymond Ma Subscribers: The Daily Pulse won’t be published on October 1, which is China’s National Day. We will resume publication on Thursday, October 2. Zijin Gold International surged 68 per cent on its Hong Kong trading debut after raising HK$24.98 billion (US$3.21 billion) in the world’s second-largest initial public offering this year. The gold miner closed at HK$120.60, after earlier rising as much as 72 per cent. It sold 349 million shares at HK$71.59 apiece in the IPO, excluding an overallotment... https://www.scmp.com/plus/article/3327374/zijin-gold-flies-after-riding-two-2025s-biggest-market-waves?utm_source=rss_feed https://www.scmp.com/plus/article/3327374/zijin-gold-flies-after-riding-two-2025s-biggest-market-waves?utm_source=rss_feed Tue, 30 Sep 2025 09:01:04 +0000 Enoch Yiu Enoch Yiu Funds raised from new share sales in Hong Kong jumped 220 per cent in the first nine months of 2025, strengthening the local stock exchange’s grip on the top spot in the global rankings, while analysts predicted that the initial public offering (IPO) market would continue to pop well into next year. A total of 66 companies raised US$23.27 billion on the main board of the Hong Kong stock exchange during the first nine months, according to data released on Tuesday by the London Stock Exchange... https://www.scmp.com/business/markets/article/3327361/hong-kongs-huge-year-ipos-continues-annual-crown-all-assured?utm_source=rss_feed https://www.scmp.com/business/markets/article/3327361/hong-kongs-huge-year-ipos-continues-annual-crown-all-assured?utm_source=rss_feed Tue, 30 Sep 2025 07:02:06 +0000 Julie Zhang Julie Zhang Three Chinese mainland companies made stellar trading debuts on the Hong Kong stock exchange on Tuesday, burnishing the city’s credentials as the world’s top fundraising market. All three companies’ shares opened higher, with watch designer and manufacturer Shenzhen Hipine Precision leading the surge, opening with a 184 per cent gain from its offer price of HK$29.60. It closed up 258 per cent at HK$106. Trading under the stock code 2259, gold miner Zijin Gold International’s shares opened at... https://www.scmp.com/business/banking-finance/article/3327312/zijin-gold-makes-solid-hong-kong-trading-debut-shares-jump-56?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3327312/zijin-gold-makes-solid-hong-kong-trading-debut-shares-jump-56?utm_source=rss_feed Tue, 30 Sep 2025 02:31:09 +0000 Yulu Ao Yulu Ao Hong Kong stocks rose on Tuesday before a holiday break, as investors bet on stimulus policies after a gloomy report on mainland factory activity while awaiting fresh cues from China’s 15th five-year plan discussions. The Hang Seng Index rose 0.9 per cent to 26,855.56 at the close, adding to a 1.9 per cent gain recorded on Monday. The Hang Seng Tech Index added 2.2 per cent. On the mainland, both the CSI 300 Index and the Shanghai Composite Index gained 0.5 per cent. Pharmaceutical firm WuXi... https://www.scmp.com/business/china-business/article/3327309/hong-kong-stocks-extend-gains-stimulus-bets-hopes-chinas-5-year-plan?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3327309/hong-kong-stocks-extend-gains-stimulus-bets-hopes-chinas-5-year-plan?utm_source=rss_feed Tue, 30 Sep 2025 02:20:10 +0000 Cao Li Cao Li Hong Kong stocks fell slightly on Thursday after rising earlier in the day, as investors took profits from a tech-led rally on Wednesday. The Hang Seng Index fell 0.1 per cent to 26,484.68 at the close. The Hang Seng Tech Index gained 0.9 per cent. On the mainland, the CSI 300 Index rose 0.6 per cent and the Shanghai Composite Index was little changed. Chinese tech giant Alibaba Group Holding fell 1.2 per cent to HK$172 after reaching its highest in over four years during the morning. Chinese... https://www.scmp.com/business/markets/article/3326754/hong-kong-stocks-waver-amid-profit-taking-after-tech-led-rally-day-earlier?utm_source=rss_feed https://www.scmp.com/business/markets/article/3326754/hong-kong-stocks-waver-amid-profit-taking-after-tech-led-rally-day-earlier?utm_source=rss_feed Thu, 25 Sep 2025 02:19:27 +0000