童军虎严重违反党的组织纪律、廉洁纪律，构成严重职务违法并涉嫌受贿犯罪，且在党的十八大后不收 敛、不收手，性质严重，影响恶劣，应予严肃处理。依据《中国共产党纪律处分条例》《中华人民共和国 监察法》等有关规定，经中国黄金集团有限公司党委研究，决定给予童军虎开除党籍处分；按规定取消其 享受的待遇；收缴其违纪违法所得；金华市监委将其涉嫌犯罪问题移送检察机关依法审查起诉，所涉财物 一并移送。 日前，中国黄金集团有限公司纪委、浙江省金华市监委对中国黄金集团香港有限公司原党委书记、总 经理童军虎涉嫌严重违纪违法问题进行了纪律审查和监察调查。 经查，童军虎身为党员领导干部，丧失理想信念，背弃初心使命，无视中央八项规定精神，违规收受可能 影响公正执行公务的礼品，违规接受管理服务对象宴请；违反组织原则，利用职权在职工录用工作中为亲 属谋取利益；廉洁底线失守，违规经商办企业，违规兼职取酬；以权谋私，在中国黄金集团公司开展海外 并购项目过程中，利用职务便利，为他人谋取利益，非法收受巨额财物。 来源：金华市纪委监委官网 责编：叶舒筠 校对：冉燕青 版权声明 证券时报各平台所有原创内容，未经书面授权，任何单位及个人不得转载。我社保留追 ...

Core Viewpoint - The investigation into Tong Junhu, former Party Secretary and General Manager of China Gold Group Hong Kong Co., reveals serious violations of discipline and law, leading to his expulsion from the Party and potential criminal prosecution [1] Group 1: Investigation Findings - Tong Junhu, as a leading Party member, lost his ideals and beliefs, disregarded the spirit of the Central Eight Regulations, and accepted gifts that could influence the impartial execution of duties [1] - He violated organizational principles by using his power to benefit relatives in employee recruitment and engaged in business activities and part-time jobs against regulations [1] - During overseas acquisition projects at China Gold Group, he exploited his position to benefit others and illegally accepted substantial amounts of money [1] Group 2: Disciplinary Actions - Tong Junhu was found to have seriously violated Party organizational and integrity disciplines, constituting severe job-related violations and suspected bribery crimes [1] - The decision was made to expel him from the Party, revoke his benefits, and confiscate his illegal gains [1] - The case has been referred to the procuratorial authorities for legal review and prosecution, along with the involved assets [1]

Core Viewpoint - The investigation into Tong Junhu, former Party Secretary and General Manager of China Gold Group Hong Kong Co., reveals serious violations of discipline and law, leading to his expulsion from the Party and potential criminal prosecution [1] Summary by Relevant Sections Disciplinary Violations - Tong Junhu, as a leading Party member, lost his ideals and beliefs, disregarded the spirit of the Central Eight Regulations, and accepted gifts that could influence the impartial execution of duties [1] - He violated organizational principles by using his position to benefit relatives in employee recruitment [1] - Engaged in business activities and received remuneration while holding a public office, violating integrity standards [1] Corruption and Misconduct - Utilized his position to facilitate overseas acquisition projects for personal gain, illegally accepting substantial amounts of money [1] - His actions constitute severe violations of Party organizational discipline and integrity discipline, amounting to serious job-related misconduct and suspected bribery [1] Consequences - Following the investigation, the Party decided to expel Tong Junhu from the Party, revoke his benefits, and confiscate his illegal gains [1] - The case has been referred to the procuratorial authorities for legal examination and prosecution, along with the related assets [1]

Market Overview - The jewelry sector increased by 0.64% on November 25, with ST Xinhua Jin leading the gains [1] - The Shanghai Composite Index closed at 3870.02, up 0.87%, while the Shenzhen Component Index closed at 12777.31, up 1.53% [1] Stock Performance - ST Xinhua Jin (600735) closed at 6.15, up 4.24% with a trading volume of 326,600 shares and a turnover of 196 million yuan [1] - Other notable performers include: - Cai Zi Co. (605599) at 15.22, up 2.98% [1] - XD Laisentong (603900) at 9.17, up 2.80% [1] - Ruibeka (600439) at 3.04, up 2.36% [1] - Mankalon (300945) at 17.45, up 1.81% [1] Capital Flow - The jewelry sector experienced a net outflow of 58.72 million yuan from institutional investors, while retail investors saw a net outflow of 73.45 million yuan [2] - Conversely, speculative funds recorded a net inflow of 132 million yuan [2] Individual Stock Capital Flow - Cai Zi Co. (6655609) had a net inflow of 13.72 million yuan from institutional investors, while retail investors faced a net outflow of 13.78 million yuan [3] - Ruibeka (600439) saw a net inflow of 7.34 million yuan from institutional investors, with retail investors also experiencing a net outflow [3] - China Gold (600916) had a net outflow of 4.84 million yuan from institutional investors, despite a net inflow of 11.09 million yuan from speculative funds [3]

消息面上，11月21日，多位美联储高级官员集中发表讲话。纽约联储主席威廉姆斯表示，鉴于当前货币 政策仍是温和限制性的，美联储仍认为近期存在降息空间，可以在不危及通胀目标的情况下，将政策立 场更接近中性区间。根据芝商所的美联储观察工具，在威廉姆斯周五发布讲话后，利率期货市场的交易 员对美联储12月降息的概率预期猛增至了约70%。 东方证券认为，受美联储12月降息预期持续回摆影响，短期伦敦金现价格走势维持震荡。中期来看，该 行仍然看好黄金在美元信用弱化的中期逻辑驱动下持续上行。国投证券表示，随着周五美联储官员偏鸽 发言，市场恐慌情绪有所缓解。该行认为短期市场分歧不改中长期降息周期，持续看好金银等金属，价 格仍有上涨空间。 黄金股今日回暖，截至发稿，潼关黄金(00340)涨4.65%，报2.7港元；灵宝黄金(03330)涨3.7%，报15.42 港元；紫金黄金国际(02259)涨3.39%，报137.3港元；中国黄金（600916）国际(02099)涨2.44%，报138.4 港元；山东黄金（600547）(01787)涨2.01%，报33.5港元。 ...

Core Viewpoint - China Gold Group Jewelry Co., Ltd. has announced the establishment of its wholly-owned subsidiary, International Company, as a key component of its internationalization strategy, aiming to integrate into the national "dual circulation" development pattern and leverage the "Belt and Road" initiative [1][2] Group 1 - The International Company will be based in Hainan and will create a comprehensive platform for cross-border supply chain management, duty-free business expansion, and cultural export, benefiting from Hainan's favorable tax policies [1] - The establishment of the International Company is supported by effective negotiations with local government, banks, and regulatory bodies, ensuring a smooth setup for cross-border capital flow [2] - The company plans to collaborate with strategic partners such as China Duty Free Group and Macau Nanguang Group to develop cultural and creative products and promote them through large cultural and sports events in the Guangdong-Hong Kong-Macao Greater Bay Area [2] Group 2 - The International Company is positioned as an "innovation engine" for China Gold to penetrate the global jewelry industry chain and drive this process forward [2] - Future plans include exploring new cross-border cooperation models based on regional characteristics to enhance the international presence of Chinese brands [2]

Core Viewpoint - The establishment of a wholly-owned subsidiary by China Gold Group in Hainan Free Trade Port is a strategic move to enhance international business operations and align with national policies for high-level openness and the "dual circulation" development strategy [1][2][3] Group 1: Company Strategy - China Gold Group aims to accelerate its internationalization process during the 14th Five-Year Plan, with the newly established subsidiary serving as a platform for international cooperation and investment [2][3] - The subsidiary will leverage Hainan's policy advantages, such as zero tariffs and low tax rates, to optimize global resource allocation and enhance capital connectivity [2][3][6] Group 2: Collaboration and Partnerships - China Gold has signed strategic cooperation agreements with China Duty Free Group and Nanguang Group to deepen collaboration in channel development, cultural product innovation, and cross-border marketing [4][5] - These partnerships aim to integrate China Gold's craftsmanship with regional cultural tourism resources, enhancing the international appeal of Chinese brands [5][6] Group 3: Market Positioning - The establishment of the international company marks a shift from "scale expansion" to "rule output" in the gold industry, aligning with national strategies for domestic and international dual circulation [2][3] - The company is positioned to become a leading brand in new gold consumption, responding to evolving consumer demands through innovative product offerings and cultural empowerment [4][5]

Group 1 - The core point of the article is that China Gold Group has approved the establishment of a wholly-owned subsidiary, China Gold Jewelry International Co., Ltd., with a registered capital of 500 million yuan, as part of its strategy to integrate into the national "dual circulation" development pattern [1][2] - The new subsidiary will serve as a platform for international business coordination and investment operations, leveraging the advantages of Hainan Free Trade Port to expand overseas markets and channels [1] - The international company will collaborate with strategic partners such as China Duty Free Group and Macau Nanguang Group in areas like channel development, cultural product innovation, and cross-border event marketing [1] Group 2 - The international company aims to utilize the policy benefits of Hainan Free Trade Port and Hong Kong's international hub status to focus on cross-border supply chain management, overseas market channel construction, and global brand promotion [2] - The establishment of the international company is seen as a significant milestone in the company's strategic upgrade, with a focus on incubating new industries and expanding international innovative business [2] - The company plans to continuously explore new models and paths in collaboration with the international subsidiary to inject sustained momentum into its global development [2]

Group 1 - China National Gold Group Corporation's Chairman Zhou Zhou emphasized the importance of serving national strategic resource security and the company's focus on optimizing its industrial structure and building a complete industrial chain [2] - The company is accelerating resource integration and production base construction while promoting green and intelligent transformation, aiming to enhance technological innovation capabilities [2] - China National Gold Group is looking to collaborate with CCB Financial Asset Investment in areas such as resource mergers and acquisitions, technological innovation, and industrial upgrades to explore new paradigms of financial and industrial cooperation [2] Group 2 - CCB Financial Asset Investment's Chairman Zhang Ming expressed gratitude for the warm reception and highlighted the company's commitment to supporting the real economy and corporate transformation through diversified financial means [3] - The collaboration between China National Gold Group and CCB Financial Asset Investment is seen as having broad prospects due to the solid industrial foundation and clear development path of the former [3] - CCB Financial Asset Investment plans to leverage its expertise in investment, fundraising, and equity management to provide comprehensive financial services to China National Gold Group, focusing on resource development, technological innovation, and overseas business [3]

Core Insights - The domestic retail gold prices show significant price differences among leading brands, with Chow Tai Fook and Chow Sang Sang both quoting 1305 CNY per gram, while Lao Feng Xiang is at 1298 CNY per gram and Chow Sang Sang at 1295 CNY per gram [1] - More affordable brands have a competitive edge, with China Gold pricing between 1210-1242 CNY per gram, and the Shenzhen Shui Bei market offering a wholesale price of 1078 CNY per gram for 999 gold (processing fees not included) [1] - The gold recycling prices indicate a range for 999 gold at 913-917 CNY per gram, with brand stores also offering around 913 CNY per gram; 18k gold recycling price is 663 CNY per gram, and 22k gold is at 805 CNY per gram, highlighting the significant impact of purity differences [1]