（原标题：招金矿业2亿元成立海外投资新公司） fund 企查查APP显示，近日，招金（海南）海外投资有限公司成立，法定代表人为王建政，注册资本2亿元 人民币，经营范围为以自有资金从事投资活动。企查查股权穿透显示，该公司由招金矿业 （01818.HK）间接全资持股。 ...

Market Overview - The market sentiment improved significantly due to favorable news from the Central Economic Work Conference, with the Hang Seng Index rising by 1.75% and returning to 26,000 points [1] - Major technology stocks collectively increased, with NetEase rising over 4%, Tencent and Alibaba up over 2%, and other tech companies like Xiaomi, Baidu, JD.com, and Kuaishou also seeing gains [1][3] Sector Performance - **Electric Power Equipment**: Strong performance with Dongfang Electric up over 13% and other companies like Harbin Electric and Shanghai Electric also showing significant gains [1][5] - **Financial Sector**: All major financial stocks, including China Pacific Insurance and CITIC Securities, saw increases, with HSBC reaching a market value of over HKD 2 trillion [1][8] - **Precious Metals**: Gold and silver prices surged, leading to active trading in gold stocks, with China Silver Group rising nearly 6% [1][6] - **Consumer Sector**: Restaurant stocks were active, with companies like Da Shi and Haidilao seeing notable increases, driven by policies aimed at boosting consumption [10] - **Real Estate**: Property stocks rose, with Longguang Group increasing over 4%, supported by policies to stabilize the real estate market [12] Individual Stock Highlights - **NetEase**: Stock price increased by 4.20% to HKD 218.40 [4] - **Dongfang Electric**: Stock price surged by 13.59% to HKD 24.90 [5] - **China Pacific Insurance**: Stock price rose by 5.68% to HKD 34.60 [9] - **China Silver Group**: Stock price increased by 5.80% to HKD 0.730 [7] - **Xuan Bamboo Bio**: Stock price increased by 25.19% to HKD 96.90, reaching a new high [16][19] Economic Policy Impact - The Central Economic Work Conference emphasized the importance of domestic demand and consumer spending, with plans to implement measures to boost consumption and stabilize the real estate market [10][12]

Group 1 - The Federal Reserve has completed its third interest rate cut of the year, lowering the federal funds rate by 25 basis points to a range of 3.50%-3.75%, totaling a 75 basis point reduction for the year [1] - The Fed's dovish signals and the announcement of a short-term Treasury bond purchase plan have weakened the US dollar and lowered US Treasury yields, reducing the holding costs for gold assets and creating upward potential for gold prices [1] - Central banks globally are increasing their gold reserves, with China's central bank having added gold for 13 consecutive months, indicating a strong long-term support for gold assets [1] Group 2 - As of December 12, 2025, the CSI Hong Kong-Shenzhen Gold Industry Stock Index has risen by 2.17%, with notable increases in constituent stocks such as Xiaocheng Technology (up 7.28%) and Western Gold (up 6.23%) [2] - The gold stock ETF has seen an active trading volume with a turnover rate of 11.96% and a transaction value of 12.96 million yuan, indicating a vibrant market [2] - The gold stock ETF has experienced a significant growth in scale, increasing by 6.22 million yuan over the past week [2] Group 3 - The top ten weighted stocks in the CSI Hong Kong-Shenzhen Gold Industry Stock Index account for 68.26% of the index, with major companies including Zijin Mining and Shandong Gold [3] - The index is composed of 50 large-cap stocks involved in gold mining, refining, and sales, reflecting the overall performance of gold industry companies in the mainland and Hong Kong markets [2][3]

Market Overview - Hong Kong stocks opened positively with the Hang Seng Index up by 0.9%, the National Enterprises Index up by 0.88%, and the Hang Seng Technology Index up by 1.02% [1] - The market sentiment remains cautious, with expectations that the index will continue to fluctuate between 25,200 and 26,200 points [3] Company Updates - Zijin Mining (02899) saw a rise of 3.51%, while China Hongqiao (01378) increased by 3.32%, JD Health (06618) by 3.2%, Sands China (01928) by 2.36%, and NetEase (09999) by 1.91% [1] - Conversely, Henderson Land Development (00012) fell by 1.03%, Li Ning (02331) by 0.75%, and Hansoh Pharmaceutical (03692) by 0.65% [1] Bond Issuance - Zhaojin Mining (01818) opened high at 1.97% and announced the issuance of technology innovation convertible bonds amounting to 800 million RMB, which is 53.3% of the planned issuance of up to 1.5 billion RMB. The bonds have a two-year term and a coupon rate of 2.2% [1] Shareholder Activity - Leap Motor (09863) opened up by 1.63% as the Chairman and CEO Zhu Jiangming, along with shareholder Fu Liqian, purchased a total of 2.1506 million H shares at an average price of approximately 50.51 RMB, totaling over 100 million RMB. This increases their combined holdings to 23.75% of the total issued shares [2] - Red Star Macalline (01528) opened down by 0.84% after shareholders Taobao Holdings and New Retail Fund reduced their holdings by 30.616 million H shares, representing 0.7% of the current total share capital [2]

Group 1 - Zhaojin (Hainan) International Trading Co., Ltd. has been established with a registered capital of 100 million yuan, focusing on coal and non-metal mineral sales, as well as domestic and international freight forwarding [1] - The company is wholly owned by Zhaojin Mining (01818.HK) through indirect holdings [1] Group 2 - The company is registered in Sanya, Hainan Province, with its business scope including the sale of coal and its products, non-metal minerals, and various freight forwarding services [2] - The legal representative of the company is Wang Jianzheng, and it is classified as a limited liability company [2]

Group 1 - The establishment of Zhaojin (Hainan) International Trade Co., Ltd. has been reported, with a registered capital of 100 million yuan [1] - The company's business scope includes the sale of coal and related products, non-metallic minerals and products, domestic freight forwarding, and international freight forwarding [1] - Zhaojin Mining holds indirect full ownership of the newly established company [1]

Group 1 - The core viewpoint of the news is that Zhaojin Mining Co., Ltd. has been rated "AAA" by China Chengxin International, reflecting its strong creditworthiness supported by various factors [1] - Zhaojin Mining has rich gold resource reserves, high-quality mining grades, promising project prospects, and a high level of profitability, which contribute positively to its credit rating [1] - The company is also noted for its continuous improvement in profitability and operational cash flow, as well as its smooth financing channels [1] Group 2 - The company was established in April 2004 with the approval of the Shandong Provincial Government, involving several major investors [2] - Zhaojin Mining primarily engages in the exploration, mining, selection, smelting, and sales of gold, copper, silver, and sulfuric acid, achieving a total operating revenue of 12.084 billion yuan in 2024 [2] - In 2022, Zijin Mining Group's subsidiary acquired a 20% stake in Zhaojin Mining, making it the second-largest shareholder [2] Group 3 - China Chengxin International believes that Zhaojin Mining's credit level will remain stable over the next 12 to 18 months [3]

Core Viewpoint - Zhaojin Mining (01818) has successfully completed the issuance of its first phase of technology innovation perpetual corporate bonds aimed at professional investors, with a total issuance amount of 800 million yuan and a subscription multiple of 1.98 times, reflecting strong investor interest [1] Group 1: Bond Issuance Details - The issuance work for the first phase of the technology innovation perpetual corporate bonds was completed on December 11, 2025 [1] - The actual issuance amount for bond type two was 800 million yuan [1] - The final coupon rate for the bonds was set at 2.20% [1]

Group 1 - The company, Zhaojin Mining (01818), announced the completion of its public issuance of technology innovation perpetual corporate bonds aimed at professional investors on December 11, 2025 [1] - The first type of bonds was not actually issued, while the second type had an actual issuance amount of 800 million yuan, with a subscription multiple of 1.98 times [1] - The final coupon rate for the issued bonds was set at 2.20% [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，概不對因本公告 全部或任何部份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。 ZHAOJIN MINING INDUSTRY COMPANY LIMITED* 招金礦業股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：1818） 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條而作出。 特此公告。 承董事會命 招金礦業股份有限公司 姜桂鵬 董事長 中國招遠，2025年12月11日 截至本公告日期，董事會成員包括： 執行董事： 姜桂鵬先生、段磊先生、王立剛先生及王培武先生 非執行董事： 龍翼先生、李廣輝先生及欒文敬先生 獨立非執行董事： 陳晉蓉女士、蔡思聰先生、魏俊浩先生及申士富先生 茲載列招金礦業股份有限公司於2025年1 2月1 1日在上海證券交易所網站 (www.sse.com.cn)刊登的《招金礦業股份有限公司2025年面向專業投資者公開 發行科技創新可續期公司債券（第一期）發行結果公告》，僅供參考。 特别提示 本公司及董事 ...