根据智通财经APP测算，奥克斯电气(02580)、奇瑞汽车(09973)、富卫集团(01828)、等公司有望根据这 条规则在三季度指数检讨结果公布后，被纳入恒生综合指数和进入港股通。根据公告，11月21日恒指公 司宣布25年三季度恒生指数系列检讨结果，12月8日，恒生指数系列成份股变动生效。 此外，银诺医药-B(02591)、中慧生物-B(02627)、佳鑫国际资源(03858)、劲方医药-B(02595)、国富量子 (00290)、耀才证券金融(01428)、博泰车联(02889)、维立志博-B(09887)、健康160(02656)、科济药业- B(02171)、派格生物医药-B(02565)、威胜控股(03393)等也在智通财经APP港股通冲退棒中有不错的表 现，可以对公司后市表现给予关注。 需要特别注意的是，今年7月9日上市的极智嘉-W(02590)作为同股不同权公司，需要满足港股通对于同 股不同权公司的额外标准，包括市值、成交额、上市时长等要求，未来能否纳入，还需要持续观察。 作为25年全球第二大IPO项目，紫金黄金国际(02259)在10月2日又收到了一个好消息。根据恒生综合指 数快速纳入规则要求 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | 截至月份: | 2025年9月30日 | 狀態: 新提交 | | --- | --- | --- | | 致：香港交易及結算所有限公司 | | | | 公司名稱: | 紫金黃金國際有限公司 | | | 呈交日期: | 2025年10月3日 | | | I. 法定/註冊股本變動 不適用 | | | FF301 第 1 頁 共 10 頁 v 1.1.1 FF301 II. 已發行股份及/或庫存股份變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 02259 | 說明 | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | 2,623,990,700 | | 0 | | 2,623,990,700 | | 增加 / 減少 (-) | | | 0 ...

这个国庆假期，国际金价继续上攻，COMEX黄金期货冲破3900美元大关，续创历史新高。 乘金价上行之势，紫金矿业（601899.SH）海外黄金资产分拆上市于9月30日挂牌交易。10月3日，紫金 黄金国际（02259.HK）股价继续上扬，收报139.6港元/股，总市值3660亿港元。 根据此前发布的招股书，IPO后，紫金矿业持有紫金黄金国际86.7%股权，主营该公司所有境外黄金矿 山资产的开采、精炼及销售等业务。 分拆8座海外金矿，年入30亿美元 早在2003年，紫金矿业登陆港股，2008年在A股上交所上市。2025年9月30日，陈景河的第三个IPO落 地。 目前紫金矿业在A股市值超过7800亿，成为涵盖金、铜、锂、锌等金属的全球矿业公司。 此次分拆上市的紫金黄金国际则被看作"纯黄金股"。 根据招股书，紫金黄金国际持有8座境外金矿，据弗若斯特沙利文统计，截至2024年底，紫金黄金国际 的黄金储量及黄金产量综合计算分别位居全球第九及第十一。 截至今年上半年，紫金黄金国际的矿山的总矿产资源量约11.76亿吨，平均金品位为每吨1.5克，金金属 矿产资源量为1768.4吨，黄金产量为20.4吨，母公司紫金矿业的黄金产量 ...

Core Viewpoint - The recent surge in gold prices has led to significant market interest in gold stocks, particularly in Zijin Gold International, which has seen its stock price double since its listing on September 30, 2023, with a market capitalization exceeding HKD 360 billion [1][2]. Company Overview - Zijin Gold International was spun off from its parent company, Zijin Mining, which has a market capitalization of over HKD 780 billion. The new company consolidates all of Zijin Mining's gold mining assets outside of China, positioning itself as a leading global gold mining company [3]. - The IPO of Zijin Gold International set multiple records, including being the largest IPO in the global gold mining industry to date and the largest overseas IPO by a Chinese mining company [3][4]. Stock Performance - On its first trading day, Zijin Gold International's stock closed 68.46% higher than its issue price, ranking as the 10th largest first-day gain for new stocks on the Hong Kong market this year [4]. - The stock continued to rise, with a 14% increase on the second trading day, reaching a price of over HKD 144 per share, which is double its issue price of HKD 71.59 [5]. Market Context - The gold market is experiencing a bull run, with gold prices having risen 27% in 2024 and continuing to climb in 2025, with COMEX gold surpassing USD 3,900 per ounce [6]. - Factors driving gold prices include economic uncertainty, central bank purchases, and inflation expectations, which are expected to sustain demand for gold [7]. Parent Company Developments - Zijin Mining's stock has also performed well, with a year-to-date increase of approximately 99.07% [8]. - Zijin Mining announced plans to acquire the Raygorodok gold mine in Kazakhstan for USD 1.2 billion, marking its eighth significant gold resource acquisition since 2020 [8][9].

Core Viewpoint - The article highlights the significant rise in the stock price of Zijin Gold International since its listing, driven by a bullish gold market, and its upcoming inclusion in the Hang Seng Index, which is expected to further enhance its market appeal [1][5]. Company Overview - Zijin Gold International, spun off from Zijin Mining Group, consolidates all of its gold mining assets outside of China, positioning itself as a leading global gold mining company [4]. - The company has achieved record-breaking milestones with its IPO, being the largest in the global gold mining sector and the largest overseas IPO for a Chinese mining company [4]. Stock Performance - Since its listing on September 30, Zijin Gold International's stock price has more than doubled, reaching a market capitalization exceeding HKD 360 billion [1]. - The stock saw a first-day closing price increase of 68.46%, ranking it as the 10th highest first-day gain among Hong Kong IPOs this year [6][7]. - On the second trading day, the stock price surged by 14%, briefly exceeding HKD 144 per share, marking a significant increase from the IPO price of HKD 71.59 [7]. Market Context - The current gold bull market is characterized by a 27% increase in gold prices in 2024, with COMEX gold surpassing USD 3,900 per ounce [8]. - Factors driving gold prices include economic uncertainty, central bank purchases, and inflation expectations, positioning gold as a hedge against various risks [10][12]. Future Prospects - Zijin Mining Group, the parent company, has also seen its stock price nearly double this year, reflecting the overall positive sentiment in the gold sector [2][11]. - The company is actively pursuing growth through acquisitions, including a recent USD 1.2 billion deal for the Raygorodok gold mine in Kazakhstan, which is part of its strategy to enhance its international presence [13].

Core Viewpoint - The recent surge in gold prices has led to significant market interest in gold stocks, particularly in Zijin Gold International, which has seen its stock price double since its listing on September 30, 2023, with a market capitalization exceeding HKD 360 billion [2][4]. Company Overview - Zijin Gold International was formed from the spin-off of Zijin Mining Group, which has a market capitalization of over HKD 780 billion. The company focuses on gold exploration, mining, processing, and sales, inheriting management advantages from its parent company [4][14]. - The IPO of Zijin Gold International set multiple records, including being the largest IPO in the global gold mining industry to date and the largest overseas IPO by a Chinese mining company [4][5]. Stock Performance - Zijin Gold International's stock was included in the Hang Seng Composite Index and related indices, effective October 16, 2023, just two trading days after its listing [5][6]. - The stock saw a first-day closing price increase of 68.46% from its issue price of HKD 71.59, ranking it as the 10th largest first-day gain among Hong Kong IPOs this year [6][8]. - On the second trading day, the stock price rose by 14%, reaching over HKD 144 per share, effectively doubling its initial price [8]. Market Context - The gold market is experiencing a bull run, with gold prices having risen 27% in 2024 and continuing to rise in 2025, with COMEX gold surpassing USD 3,900 per ounce [9][11]. - Factors driving gold prices include economic uncertainty, central bank purchases, and inflation expectations, positioning gold as a hedge against economic and policy uncertainties [11][13]. Parent Company Performance - Zijin Mining Group, the parent company of Zijin Gold International, has also seen its stock price increase by approximately 99.07% this year [14]. - Zijin Mining announced plans to acquire the Raygorodok gold mine in Kazakhstan for USD 1.2 billion, marking another significant step in its international expansion strategy [14][15].

Core Viewpoint - The article highlights the significant market interest in Zijin Gold International (02259.HK) following its IPO, which has seen its stock price double within a few days, reflecting the bullish trend in the gold market [1][2]. Company Overview - Zijin Gold International was spun off from Zijin Mining Group, which has a market capitalization exceeding 780 billion yuan, consolidating all gold mining assets outside of China [2]. - The company specializes in gold exploration, mining, processing, and sales, inheriting management advantages from its parent company [2]. IPO Highlights - Zijin Gold International's IPO is noted as the largest in the global gold mining industry to date, as well as the largest overseas IPO by a Chinese mining company [2]. - The IPO was completed in just five months, setting records for both the first A-share gold company to list in H-shares and the first gold spin-off project by a large mining enterprise globally [2]. Index Inclusion - The company will be included in the Hang Seng Composite Index and related indices effective October 16, 2025, following its rapid inclusion announcement just two days after its listing [3][4]. Market Performance - The stock saw a remarkable subscription demand, with international placements achieving a 20.4 times subscription rate and Hong Kong public offerings reaching 240.7 times [4][5]. - On its second trading day, the stock price surged by 14%, exceeding 144 HKD per share, marking a significant increase from the IPO price of 71.59 HKD [7]. Gold Market Context - The article discusses the ongoing bull market for gold, with prices expected to continue rising due to various factors, including economic uncertainty and central bank purchases [12]. - Gold has become a key asset amid global economic and policy uncertainties, with a notable increase in demand driven by geopolitical factors and inflation expectations [12]. Parent Company Performance - Zijin Mining Group, the parent company, has also experienced substantial growth, with its stock price increasing by approximately 99.07% this year [13]. - The company is actively pursuing acquisitions, including a recent deal to acquire the Raygorodok gold mine in Kazakhstan for 1.2 billion USD, further expanding its international footprint [13][14].

Core Viewpoint - Zijin Mining's subsidiary, Zijin Gold International, successfully listed on the Hong Kong Stock Exchange, marking a significant step in its global strategy and capital operations [1][2] Group 1: IPO Highlights - The IPO was highly successful, with international placements achieving a subscription rate of 20.4 times and Hong Kong public offerings reaching 240.7 times [2] - A total of 349 million shares were issued at a price of HKD 71.59 per share, raising approximately HKD 25 billion, with a market capitalization of HKD 187.9 billion at listing [2] - The IPO set multiple records, including the largest IPO in the global gold mining industry to date and the largest overseas IPO for a Chinese mining company [2] Group 2: Company Strategy and Operations - Zijin Gold International focuses on high-potential gold mines and undervalued resources, with operations in key mineral belts across Central Asia, South America, Africa, and Oceania [4] - The company employs a unique mining management model and advanced resource development technologies to enhance operational efficiency and cost control [4] - The company aims to create a sustainable value creation system through a comprehensive process from acquisition to value enhancement [4] Group 3: Financial Performance and Growth - In 2024, the company is projected to produce 1.3 million ounces of gold, ranking 11th globally, with revenues of USD 2.99 billion [5] - The company has a return on equity (ROE) of 21.4%, significantly higher than the industry average of 17.4% [5] - The compound annual growth rate (CAGR) for gold production from 2022 to 2024 is expected to be 21.4%, the highest among the top fifteen gold mining companies [5] Group 4: Resource Reserves - As of the end of 2024, the company's gold reserves are expected to reach 27.5 million ounces (approximately 856 tons), ranking 9th globally [6] - The company has achieved over 14 million ounces (450 tons) in gold resource additions, with a CAGR of over 20% in reserves [6] Group 5: Market Position and Future Outlook - The listing in Hong Kong is seen as a strategic move to capitalize on global gold market opportunities and enhance the company's valuation [7] - The global demand for gold is projected to grow at a CAGR of 3.2% from 2024 to 2030, providing a favorable market environment for Zijin Gold International [8] - The company aims to fill the gap in the market for a globally influential gold listing from China, which is the largest gold consumer and producer [8]

消息面上，10月2日，恒生指数公司发布公告，紫金黄金国际符合恒生综合指数的快速纳入规则要求， 将于2025年10月15日收市后被纳入恒生综合指数、恒生综合行业指数—原材料业、恒生综合大型股指数 以及恒生综合大中型股指数，并于2025年10月16日起生效。据悉，恒生指数公司宣布紫金黄金国际被快 速纳入恒生综合指数，这主要得益于紫金黄金国际庞大的市值和良好的流动性，符合了恒生指数系列中 的 "快速纳入机制"。 公开资料显示，紫金黄金国际由紫金矿业分拆而来，在南美洲、大洋洲、中亚和非洲等黄金资源富集区 拥有8座黄金矿山的权益。截至2024年底，公司的黄金储量以及2024年的黄金产量分别位居全球第九和 第十一。值得一提的是，在美联储降息以及地缘政治风险上升之下，国际金价已37次创下历史新高，从 年初约2650美元/盎司一路攀升，首次突破3800美元/盎司，并在10月1日逼近3900美元/盎司，累计涨幅 达到45%。 智通财经APP获悉，紫金黄金国际(02259)一度涨近5%，截至发稿，涨4.15%，报143.2港元，成交额3.54 亿港元。 ...

Group 1 - The core viewpoint of the article highlights the rising popularity of gold as an alternative asset amid increasing geopolitical uncertainties and changing monetary policies, with gold prices reaching new highs [1][2][4]. - Gold futures prices recently surpassed $3,800 per ounce and reached $3,904 per ounce during Asian trading hours [1]. - The trend of gold being recognized as a safe haven and a major alternative asset is reinforced by the recent IPO of Zijin Gold International, which saw its stock price surge by 68.46% on its debut, achieving a market capitalization of HKD 316.5 billion [2][37]. Group 2 - The strong performance of gold stocks is evident in the Australian stock market, where gold-related companies accounted for 80% of the top 10 performers in the last fiscal year [3][17]. - The rise in gold prices is attributed to complex factors, including the Federal Reserve's interest rate cuts and a shift in the global monetary system towards diversification away from the dollar [5][6]. - Analysts suggest that the current environment indicates a "re-monetization" of gold, as it regains strategic value amid a restructuring of global trade and financial systems [5][6]. Group 3 - Major investment banks have raised their gold price targets following the Federal Reserve's recent rate cut, with Deutsche Bank predicting a price of $4,000 per ounce by 2026 and Goldman Sachs projecting $4,500 per ounce by the end of 2025 [8][10]. - Theta Gold Mines Limited, a gold development company listed on the ASX, has significant gold resources and is entering a critical phase of construction, with a recent feasibility study indicating improved financial metrics [26][27]. - The updated feasibility study for Theta Gold Mines' TGME project shows a net present value (NPV) of AUD 784 million and an internal rate of return (IRR) of 71%, reflecting the positive impact of rising gold prices [27][31].