Economic Indicators - The Shanghai Composite Index closed up 0.18% at 3946.74 points, while the Shenzhen Component remained flat and the ChiNext Index rose 0.25%[1] - The Hang Seng Index fell 0.38% to 25830.65 points, with the Hang Seng Tech Index down 0.69% and the Hang Seng China Enterprises Index down 0.26%[1] - The U.S. Dow Jones increased by 0.1%, the S&P 500 rose 0.38% to 6642.16 points, and the Nasdaq gained 0.59%[1] Federal Reserve Insights - The Federal Reserve's October meeting minutes indicated that many officials oppose a rate cut in December, suggesting that maintaining rates may be appropriate for the remainder of the year[12] - Market traders have reduced the probability of a rate cut by the end of the year to approximately 30%[8] Corporate Developments - China International Capital Corporation (CICC) plans to absorb and merge with Dongxing Securities and Xinda Securities, resulting in a combined registered capital of 11.3 billion RMB (approximately 1.6 billion USD)[8] - Nvidia reported a 62% increase in revenue for Q3, with a forecast of approximately 65 billion USD for the upcoming quarter, exceeding analyst expectations[12]

Core Viewpoint - China Silver Group (00815) experienced a decline in stock price, dropping over 3% in early trading and currently down 1.52% to HKD 0.65, with a trading volume of HKD 8.919 million [1] Group 1: Company Actions - China Silver Group announced that its affiliate, Zhumeng Gold (01815), plans to issue 248 million shares at a discount of 19.50%, raising a net amount of HKD 398 million [1] - The funds raised will primarily be used for exploration and survey expenses in the Shannan and Shigatse mines in Tibet, with 20% allocated for working capital to enhance raw material self-sufficiency in response to rising gold prices [1] Group 2: Shareholding Impact - As of the announcement date, China Silver Group holds approximately 40.39% of Zhumeng Gold's shares, which will be diluted to about 33.66% after the completion of the share issuance [1] - This dilution is considered a disposal event for China Silver Group, meaning Zhumeng Gold's financial performance and status will no longer be consolidated into China Silver Group's financial statements [1] Group 3: Expected Financial Outcome - China Silver Group anticipates generating approximately HKD 298 million in revenue from this subscription event [1]

Core Viewpoint - China Silver Group (00815) experienced a decline in stock price, dropping over 3% in early trading, with a current price of 0.65 HKD and a trading volume of 8.919 million HKD [1] Group 1: Company Actions - China Silver Group announced that its affiliate, Zefeng Gold (01815), plans to issue 248 million shares at a discount of 19.50%, raising a net amount of 398 million HKD [1] - The funds raised will primarily be used for exploration and assessment expenditures at the Shannan and Shigatse mines in Tibet, with 20% allocated for working capital to enhance raw material self-sufficiency in response to rising gold prices [1] Group 2: Shareholding Impact - As of the announcement date, China Silver Group holds approximately 40.39% of Zefeng Gold's shares, which will be diluted to about 33.66% post-transaction [1] - The dilution of shares will result in Zefeng Gold's financial performance and status no longer being consolidated into China Silver Group's financial statements [1] Group 3: Expected Financial Outcome - China Silver Group anticipates generating approximately 298 million HKD in revenue from this subscription [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本聯合公告的內容 概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本 聯合公告全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承 擔任何責任。 本聯合公告僅供參考，並不構成收購、購買或認購中國白銀集團有限公司或 珠峰黃金集團有限公司任何證券的邀請或要約。 CHINA SILVER GROUP LIMITED 中國白銀集團有限公 司 （於開曼群島註冊成立的有限公司） （股份代號：815） （於開曼群島註冊成立的有限公司） （股份代號：1815） Mount Everest Gold Group Company Limited 珠峰黃金集團有限公司 聯合公告 非常重大出售事項 根據一般授權認購新股份 視作出售事項 珠峰黃金財務顧問 認購事項 於二零二五年十一月十九日（交易時段後），珠峰黃金分別與六名認購人訂 立六份認購協議，據此，認購人有條件同意認購，而珠峰黃金有條件同意按 認購價每股認購股份1.61港元配發及發行合共247,500,000股認購股份。 1 認購股份將根據於股東週年大會授予珠峰黃金董事之一般授權予以配發及 發行。因此，配發 ...

Core Viewpoint - The decline in gold prices has led to a significant drop in Hong Kong-listed gold stocks, with various companies experiencing losses of over 5% [1] Group 1: Market Impact - Gold prices continue to fall, with spot gold dropping 0.64% to below $4020 per ounce, influenced by diminishing expectations of a rate cut in the U.S. next month [1] - Major gold stocks in Hong Kong, such as Lingbao Gold and Tongguan Gold, have seen declines of over 5% and 4.6% respectively, reflecting the broader market trend [2] Group 2: Industry Trends - A new tax policy on gold has resulted in increased prices at Shenzhen's Shui Bei market, leading to a noticeable decrease in sales volume for gold jewelry stores [1] - Retailers in Shenzhen, such as Wu Zude, report a significant drop in daily sales from three to four hundred grams to less than 200 grams, indicating a slowdown in purchasing activity [1]

Core Viewpoint - The decline in gold prices has led to a significant drop in Hong Kong gold stocks, with major companies experiencing losses of over 5% [1] Group 1: Market Performance - Lingbao Gold fell by over 5%, while Tongguan Gold and China Silver Group dropped by 4.6% [1] - Zijin Gold International decreased by 4%, and China National Gold fell by 3.6% [1] - Other companies such as Zhaojin Mining, Shandong Gold, Chifeng Jilong Gold, and Zijin Mining also saw declines of over 2% [1][2] Group 2: Gold Price Trends - Spot gold prices have continued to decline, currently falling 0.64% to below $4020 per ounce [1] - Expectations for a rate cut in the U.S. next month are fading, contributing to the downward trend in gold prices [1] Group 3: Industry Insights - CICC's 2026 outlook suggests that the current gold bull market may not be over, with historical comparisons indicating that the current price increase and duration are still lower than the major upswings in the 1970s and 2000s [1] - In Shenzhen's Shui Bei market, the new gold tax policy has led to an increase in gold prices, causing frequent order cancellations among gold merchants [1] - A gold jewelry store owner in Shenzhen reported a significant drop in daily sales from 300-400 grams to less than 200 grams [1]

Group 1 - Gold stocks continue to decline, with Lingbao Gold down 5.66% at HKD 15.83, Tongguan Gold down 4.3% at HKD 2.67, China Silver Group down 4.55% at HKD 0.63, Zijin Mining International down 4.16% at HKD 133.7, and China Gold International down 3.73% at HKD 131.7 [1] - On Tuesday, gold prices extended their decline for the third consecutive day [1] - The market's expectation for a 25 basis point rate cut by the Federal Reserve in December dropped from 70% to 40% [1] Group 2 - Federal Reserve Vice Chairman Philip Jefferson emphasized the need for caution in further rate cuts to avoid undermining anti-inflation efforts [1] - The labor market risks are skewed to the downside, but the need for a cautious approach remains as interest rates approach neutral levels [1] - CITIC Futures noted that as the Fed's stance turns more hawkish, the probability of a December rate cut decreases, leading to a continued adjustment phase for precious metals [1]

Group 1 - Precious metal prices are experiencing a strong increase, with spot silver surpassing $54 and spot gold reaching $4200 per ounce for the first time since October 21 [1] - Peter Schiff, a U.S. securities broker, suggests that the retirement of Federal Reserve's Bostic may allow Trump to nominate a more loyal successor [1] - According to Nanhua Futures, central bank gold purchases and increasing investment demand, driven by monetary easing prospects and phase-specific hedging trades, are expected to support the upward trend in precious metal prices [1] Group 2 - China Silver Group (00815) has seen its stock price rise over 12%, currently at HKD 0.73 with a trading volume of HKD 63.64 million [2] - The stock has shown a daily increase of 12.31% [2] - The company’s performance reflects broader trends in the silver market, influenced by rising precious metal prices [2]

Group 1 - The gold stocks collectively opened lower on November 14, with notable declines across various companies [1] - China Silver International (00815.HK) fell by 4.11%, trading at 0.7 HKD [1] - Tongguan Gold (00340.HK) decreased by 2.07%, with a price of 2.84 HKD [1] - Lingbao Gold (03330.HK) dropped by 2.41%, now priced at 17.38 HKD [1] - Zijin Gold International (02259.HK) saw a decline of 2.16%, trading at 140.1 HKD [1]

Group 1 - The core viewpoint of the article indicates that gold stocks collectively opened lower, influenced by hawkish comments from Federal Reserve officials regarding interest rates [1] Group 2 - China Silver International (00815) fell by 4.11%, trading at 0.7 HKD [1] - Tongguan Gold (00340) decreased by 2.07%, trading at 2.84 HKD [1] - Lingbao Gold (03330) dropped by 2.41%, trading at 17.38 HKD [1] - Zijin Mining International (02259) declined by 2.16%, trading at 140.1 HKD [1] Group 3 - Federal Reserve officials, including Kashkari, Harker, and Moussailem, expressed that there is no strong inclination for a rate cut in December, emphasizing the need for tight monetary policy to curb inflation [1] - The probability of a 25 basis point rate cut in December has decreased to 51.6%, according to CME's FedWatch tool [1] - Spot gold experienced a significant drop, falling over 100 USD per ounce during the day [1]