Group 1 - Gold stocks experienced a decline, with notable drops including Jihai Resources down 5.48% to HKD 1.38, Lingbao Gold down 3.34% to HKD 15.61, China Silver Group down 3.03% to HKD 0.64, and Zijin Mining International down 2.2% to HKD 137.6 [1] - The Federal Reserve's October monetary policy meeting minutes revealed significant internal disagreements regarding future interest rate cuts, cooling market expectations for a December rate cut [1] - The U.S. Bureau of Labor Statistics announced the cancellation of the October non-farm payroll report, with the November employment report now scheduled for December 16, which will include estimates for October's employment data [1] Group 2 - Market attention is focused on the upcoming September non-farm payroll report, with expectations that even if the Fed's rate cut becomes more variable in December, precious metals may face short-term pressure [1] - The end of the U.S. government shutdown is expected to improve dollar liquidity, while long-term interest rates in major global economies remain high, leading to concerns about the Fed's independence and maintaining the long-term upward logic for precious metals [1]

Core Viewpoint - The company proposes to change its English name from "Persistence Resources Group Ltd" to "Persistence Gold Group Ltd" and its Chinese name from "集海资源集团有限公司" to "集海黄金集团有限公司" [1] Group 1 - The name change reflects a strategic shift towards a focus on gold resources [1] - The board of directors has made this recommendation, indicating a potential rebranding effort [1] - The new names emphasize the company's commitment to the gold sector [1]

Core Viewpoint - The company intends to change its English name from "Persistence Resources Group Ltd" to "Persistence Gold Group Ltd" and its Chinese name from "集海资源集团有限公司" to "集海黄金集团有限公司" [1] Company Name Change - The proposed name change reflects a strategic shift towards a focus on gold resources [1]

Core Viewpoint - The company is changing its English name from "Persistence Resources Group Ltd" to "Persistence Gold Group Ltd" and its Chinese name from "集海资源集团有限公司" to "集海黄金集团有限公司" [1] Company Name Change - The English name change reflects a shift in focus towards gold-related activities [1] - The Chinese name change aligns with the new English name, emphasizing the company's commitment to the gold sector [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 就 因 本 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。 董事會建議將本公司英文名稱由「Persistence Resources Group Ltd」更改為「Persistence Gold Group Ltd」，以 及 將 本 公 司 中 文 名 稱 由「集 海 資 源 集 團 有 限 公 司」更 改 為 「集 海 黃 金 集 團 有 限 公 司」。 PERSISTENCE RESOURCES GROUP LTD 建議更改公司名稱須待股東於股東特別大會上通過特別決議案批准建議更 改 公 司 名 稱 及 開 曼 群 島 公 司 註 冊 處 處 長 批 准 建 議 更 改 公 司 名 稱 後，方 可 作 實。 集海資源集團有限公司 （股份代號：2489） （於開曼群島註冊成立的有限公司） 建議更改公司名稱 建 議 更 改 公 司 名 稱 須 ...

Group 1 - The gold stocks collectively rose, with notable increases in companies such as China Gold International, which rose by 4.89% to HKD 143.6, and Jihai Resources, which increased by 4.38% to HKD 1.43 [2] - As of November 12, during the Asian trading session, international gold prices peaked at USD 4208.79 per ounce, recovering quickly after a brief pullback and testing the USD 4200 resistance level [2] - The anticipated release of delayed U.S. economic data due to the government shutdown is expected to highlight economic weakness, supporting market expectations for a 25 basis point rate cut by the Federal Reserve in December [2] Group 2 - UBS analysts indicate that the market is awaiting clearer signals regarding the government shutdown and the timing of U.S. data releases, suggesting that gold prices may stabilize temporarily before continuing to rise [3] - Citigroup's latest report predicts that in a bull market scenario, gold prices could reach USD 6000 by 2027, driven by a significant mismatch between global wealth and the physical gold market [3] - The current surge in gold prices is primarily driven by U.S. investors rather than central banks, with ETF inflows contributing significantly to the global increase in demand [3]

Group 1: Solar and Energy Stocks - Solar stocks showed recovery with New Special Energy (01799) up 4.99%, Flat Glass (06865) up 3.25%, Xinyi Solar (00968) up 3.75%, and GCL-Poly Energy (03800) up 2.27%. The China Photovoltaic Industry Association stated that rumors about a polysilicon storage platform were false, aiming to malign the industry [1][2] - Energy storage concept stocks rose against the trend, with Longpan Technology (02465) up 17.09%, Ruipu Lanjun (00666) up 15.2%, and Zhongxin Innovation (03931) up 9.22%. Lithium hexafluorophosphate prices have surged, with some market quotes reaching 150,000 yuan/ton, doubling since mid-October [1] Group 2: Oil and Gas Stocks - Oil stocks collectively declined, with CNOOC (00883) down 3.14%, CNOOC Services (02883) down 2.98%, PetroChina (00857) down 2.09%, and Sinopec (00386) down 1.79%. OPEC's monthly report indicated a slight oversupply in the oil market by 2026, contrasting previous predictions of sustained demand [2] Group 3: Steel and Mining Stocks - Steel stocks saw a midday surge, with Maanshan Iron & Steel (00323) up 7.09%, Ansteel (00347) up 2.26%, and Chongqing Iron & Steel (01053) up 2.13%. The Simandou project in Guinea, which has the potential to become the fifth-largest mine globally, has commenced production [2] Group 4: Airline and Transportation Stocks - Southern Airlines (01055) rose over 3.9% after reporting a 2.2% year-on-year increase in revenue for the first three quarters of 2025 [2] Group 5: Biotechnology and Pharmaceuticals - Gilead Sciences (01672) increased over 5.7% as it announced the clinical development of new drugs ASC36 and ASC35 [3] - Zai Lab (02509) rose over 8.4% after announcing plans for continued related transactions for the commercialization of QX001S from 2026 to 2028 [4] Group 6: Gold Stocks - Gold stocks collectively rose, with China Gold International (02099) up 5.99%, Jihai Resources (02489) up 7.3%, and Lingbao Gold (03330) up 4.47%. Gold prices have surpassed $4,100 and are testing the $4,200 resistance level [4] Group 7: US Market Movements - Major tech stocks in the US fell, with Meta Platforms (META.US) down over 2.8%, Tesla (TSLA.US) down over 2%, and Amazon (AMZN.US) down over 1.9% [5] - Eli Lilly (LLY.US) rose 2.95%, reaching a historical high, after announcing a deal to lower GLP-1 drug prices to $245 per month, potentially opening a new market of 30 million people [5] - The US airline service sector saw gains, with United Airlines (UAL.US) up 5.29% and American Airlines (AAL.US) up 3.62%, as the government is expected to reopen soon [5] Group 8: Nuclear Energy Stocks - US nuclear energy stocks rose, with Oklo (OKLO.US) up 6.67% as the government plans to finance new nuclear power plants to meet the energy demands of AI development [6] Group 9: Company-Specific Developments - On Holding (ONON.US) surged over 17.9% after reporting Q3 net sales of 794.4 million Swiss francs, exceeding market expectations [7] - AMD (AMD.US) rose 9% as it projected a 35% annual growth rate in revenue over the next three to five years, driven by AI chip demand [7]

Group 1 - Hong Kong gold stocks experienced a collective rise, indicating positive market sentiment in the sector [1] - China Gold International (02099.HK) saw an increase of 4.89%, reaching HKD 143.6 [1] - Jinhai Resources (02489.HK) rose by 4.38%, trading at HKD 1.43 [1] - Lingbao Gold (03330.HK) increased by 4.29%, with a price of HKD 17.76 [1] - Chifeng Jilong Gold Mining (06693.HK) gained 2.45%, priced at HKD 30.98 [1] - Shandong Gold Mining (01787.HK) rose by 2.24%, reaching HKD 34.76 [1]

Group 1 - Gold stocks collectively surged, with notable increases in companies such as China Gold International (+4.89%), Zijin Mining (+4.38%), Lingbao Gold (+4.29%), Chifeng Jilong Gold (+2.45%), and Shandong Gold (+2.24%) [1] - On November 12, during the Asian trading session, international gold prices peaked at $4208.79 per ounce, recovering quickly after a brief pullback and breaking through the $4100 resistance level [1] - The market anticipates that upcoming economic data, delayed due to the government shutdown, will highlight the weakness of the U.S. economy, supporting expectations for a 25 basis point rate cut by the Federal Reserve in December [1] Group 2 - UBS analysts noted that there is a wait for clearer messages regarding the government shutdown and the release of U.S. data, with gold prices expected to stabilize temporarily before continuing to rise [2] - Citigroup's latest report predicts that in a bull market scenario, gold prices could reach $6000 by 2027, driven by a significant mismatch between global wealth and the small physical gold market [2] - The current surge in gold prices is primarily driven by U.S. investors rather than central banks, with ETF inflows contributing significantly to the global increase [2]

Core Viewpoint - The Hong Kong gold stocks have generally risen, driven by signs of economic weakness in the U.S. and an increase in gold prices, with forecasts suggesting continued upward momentum for gold in the coming year [1] Group 1: Market Performance - Hong Kong gold stocks saw significant increases, with notable gains including: - Zhenfeng Gold up 5.5% - Tongguan Gold up approximately 5% - Lingbao Gold, Chifeng Gold, Shandong Gold, and Zhaojin Mining each up nearly 4% [1] - The latest prices and percentage changes for selected gold stocks are as follows: - Zhenfeng Gold (01815): 2.130, +5.45% - China Silver Group (00815): 0.650, +4.84% - Lingbao Gold (03330): 17.090, +3.89% [1] Group 2: Gold Price Movement - As of the Asian morning session, New York futures gold reached $4,050 per ounce, up 1.01%, while spot gold surpassed $4,040 per ounce, up 0.97% [1] - The People's Bank of China reported that as of the end of October, its gold reserves stood at 74.09 million ounces, an increase of 30,000 ounces from September, marking the 12th consecutive month of accumulation [1] Group 3: Future Outlook - According to a report from China International Capital Corporation (CICC), gold is expected to maintain its upward trend next year, with structural and cyclical opportunities likely to continue to resonate [1] - State Street has raised its most optimistic gold price forecast to between $4,100 and $4,500 per ounce [1]