目前，属地党委政府、东北大学、中国黄金集团有限公司正在开展善后处置工作。 来源丨新华社 编辑丨黎雨桐 SFC 据新华社报道，记者23日从内蒙古自治区呼伦贝尔市应急管理局获悉，7月23日10时20分许， 东北大学6名学生在中国黄金集团内蒙古矿业有限公司乌努格吐山铜钼矿选矿厂参观学习浮选 工艺过程中，因格栅板脱落坠入浮选槽。经全力施救，6人被救出后，医护人员确认已溺亡。 另有1名老师受伤。 ...

记者23日从内蒙古自治区呼伦贝尔市应急管理局获悉，7月23日10时20分许，东北大学6名学生在中国黄金集 团内蒙古矿业有限公司乌努格吐山铜钼矿选矿厂参观学习浮选工艺过程中，因格栅板脱落坠入浮选槽。经全力 施救，6人被救出后，医护人员确认已溺亡。另有1名老师受伤。 目前，属地党委政府、东北大学、中国黄金集团有限公司正在开展善后处置工作。 来源：新华社 百万用户都在看 股市，突发！ A股重磅！"国家队"，再度出手！中概股，全线上涨！ 重磅！特朗普，突然宣布！集体飙涨！ 集体拉升！重磅"大单"，突然来袭！ 美联储，降息大消息！ 违法和不良信息举报电话：0755-83514034 邮箱：bwb@stcn.com 责编：刘珺宇 校对： 李凌锋 ...

记者23日从内蒙古自治区呼伦贝尔市应急管理局获悉，7月23日10时20分许，东北大学6名学生在中国黄 金集团内蒙古矿业有限公司乌努格吐山铜钼矿选矿厂参观学习浮选工艺过程中，因格栅板脱落坠入浮选 槽。经全力施救，6人被救出后，医护人员确认已溺亡。另有1名老师受伤。 目前，属地党委政府、东北大学、中国黄金集团有限公司正在开展善后处置工作。 责编：万健祎 校对： 苏焕文 来源：新华社 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 究相关 行 为主体 法律责任的权利。 转载与合作可联系证券时报小助理，微信ID：SecuritiesTimes END 点击关键字可查看 潜望系列深度报道丨 股事会专栏 丨 投资小红书 丨 e公司调查 丨 时报会客厅 丨 十大明星私募访谈 丨 A股，积极信号！ 丨 7人被问责！杭州通报"余杭自来水异味"调查情况 丨 中美下一轮经贸会谈， 时间定了→ 丨 事关雅下水电工程，外交部回应 丨 15%！特朗普：与日本达成协议！日元跳水 丨 可 控核聚变重磅！逾百亿元资本入局，"国家队"来了 丨 暴涨！"钱多多"入局稳定币 丨 突发！杜邦直线 拉升！市场监管 ...

记者23日从内蒙古自治区呼伦贝尔市应急管理局获悉，7月23日10时20分许，东北大学6名 学生在中国黄金集团内蒙古矿业有限公司乌努格吐山铜钼矿选矿厂参观学习浮选工艺过程 中，因格栅板脱落坠入浮选槽。经全力施救，6人被救出后，医护人员确认已溺亡。另有1名 老师受伤。 来源：新华社 目前，属地党委政府、东北大学、中国黄金集团有限公司正在开展善后处置工作。 ...

Core Insights - The integration of digital economy and physical economy is reshaping the consumption landscape, emphasizing quality innovation over mere scale growth [1][3] - The 2025 Beike Finance Annual Conference highlighted the importance of innovative business strategies and operational models in the evolving consumer market [1][3] Industry Trends - The consumption structure is evolving with trends such as emotional value, gold fever, trendy toys, sports enthusiasm, and cultural tourism driving the shift from scale growth to quality innovation [1] - The "cultural tourism + commerce" model is rapidly developing, with diverse and personalized consumption potential being released [3] Company Highlights - The top ten brands selected for the 2025 Beike Finance Annual Consumption Case include China Gold, Rushi Sea Resort, Tea Baidao, Unilever, Adidas, Pop Mart, Shou Lvyu Jia, Ziroom, Mafengwo, and Yuexiu Real Estate, covering various sectors such as fashion, trendy toys, vacation, hotels, and lifestyle [1][4][5] - Rushi Sea Resort, which opened in June last year, spans 5,400 acres with a 75% forest coverage, offering diverse experiential projects and enhancing consumer interaction through innovative commercial offerings [2] - China Gold is focusing on product innovation and channel transformation, launching culturally significant high-end products to meet diverse consumer needs in both investment and consumption [2]

Group 1: Central Bank Gold Purchases - The People's Bank of China reported that as of June 30, 2025, the country's gold reserves reached 73.9 million ounces, an increase of 70,000 ounces from the previous month, marking the eighth consecutive month of net gold accumulation [3] - Global central bank net gold purchases reached 1,136 tons in 2024, the second highest on record, with the top three buyers being China, Poland, and Turkey, accounting for over 50% of total purchases [3] - 95% of surveyed central banks plan to continue increasing their gold holdings in the next 12 months, the highest percentage since the survey began in 2019 [3] Group 2: Retail Investor Activity - South Korean investors have traded over $5.4 billion in A-shares and Hong Kong stocks as of July 15, 2025, with a monthly trading volume in February reaching $782 million, nearly doubling from the previous month [4] - Notable stocks attracting South Korean investors include Xiaomi, BYD, and CATL, with net purchases of approximately $170 million, $93.1 million, and $60.9 million respectively [4] - Bridgewater Associates has adopted a more optimistic investment strategy in the Chinese market, reporting a 5.8% return in Q2 and a total return of 13.6% for the first half of the year, increasing its allocation to Chinese stocks [4] Group 3: Hong Kong IPO Market - The Hong Kong IPO market has seen a surge in activity, with over HKD 100 billion raised in the first half of 2025, significantly exceeding levels from the past three years [5] - Foreign cornerstone investors have increased their investment amounts and proportions in Hong Kong IPOs, accounting for 45.2% of the companies listed as of June 30, 2025 [5]

Core Viewpoint - The article discusses the rationale behind China storing a significant amount of its gold reserves in the United States, highlighting the historical context and practical benefits of this decision. Group 1: Historical Context - The Bretton Woods system established in 1944 linked the US dollar to gold, making the dollar a global standard for trade and finance [3][5] - The US emerged as the dominant economic power post-World War II, leading countries to store gold in the US for easier international transactions [5][7] Group 2: Practical Benefits - Storing gold in New York, the world's largest gold trading market, allows for efficient transactions without the need for physical movement of gold, saving on costs and time [9][11] - The high security of the Federal Reserve's underground vaults in New York provides a safe storage solution for gold reserves [11] Group 3: Risk Management - China's gold reserves are approximately 2,300 tons, with 600 tons stored in the US, which is a manageable proportion considering the vast amount of gold held privately in China [13][15] - The strategy of diversifying gold storage helps mitigate risks associated with geopolitical tensions and potential loss of assets [15][17] Group 4: Future Considerations - The article notes a growing trend among countries to repatriate gold as a strategic measure against potential geopolitical risks, indicating a shift in global financial dynamics [23] - China is currently weighing the pros and cons of maintaining its gold reserves in the US, with the possibility of repatriation if international financial conditions change significantly [25]

Core Viewpoint - China Gold International Resources Limited, as the overseas flagship of China National Gold Group, is well-positioned in the gold and copper mining industry, leveraging strong resources and technology support from its parent group [1][2]. Group 1: Company Overview - China Gold International focuses on the exploration, mining, and development of mineral resources, primarily gold and copper [1]. - The company operates two key mines: the Jiama Copper-Gold Mine and the Changshanhao Gold Mine, maintaining a leading market position in the industry [1]. Group 2: Mine Performance - The Changshanhao Mine is expected to contribute stable production, with gold resources of 158.57 tons and reserves of 15.02 tons, achieving an estimated gold output of approximately 3.4 tons in 2024, generating sales revenue of $247 million [1]. - The Jiama Mine has a copper reserve of 207,500 tons and a gold reserve of 55.7 tons, with a production capacity expected to increase by over 50% through a three-step plan involving tailings storage construction and exploration [2]. Group 3: Market Dynamics - The weakening of the US dollar is a primary driver for rising gold prices, supported by increased gold purchases by central banks to mitigate dollar risk [2]. - The copper market is experiencing tight supply conditions due to declining capital expenditures and resource depletion, with expectations for copper prices to steadily rise due to a combination of traditional and emerging demand [3]. Group 4: Financial Projections - The company is projected to achieve net profits of $306 million, $362 million, and $504 million from 2025 to 2027, reflecting significant year-on-year growth [3]. - Based on a comparative analysis of the gold and copper sectors, the target market capitalization for China Gold International is set at 33 billion RMB, with a target price of 91.4 HKD per share, indicating a "buy" rating [3].

Group 1: Market Performance - The gold market has seen significant inflows, with global gold ETFs attracting $38 billion in the first half of 2025, marking the highest inflow since the first half of 2020 and a five-year record [1] - The spot gold price increased by 25% in the first half of 2025, reflecting heightened investor interest [2] Group 2: Central Bank and Consumer Trends - Over 95% of surveyed central banks plan to increase their gold reserves in the next 12 months, the highest percentage since the survey began in 2019, up 17 percentage points from 2024 [2] - Consumer enthusiasm for gold remains high, with significant price increases in gold jewelry and platinum, rising 39.2% and 15.9% year-on-year, respectively [2] Group 3: Changes in Consumer Behavior - Consumers are adjusting their purchasing strategies in response to high gold prices, opting for smaller weights, simpler designs, and delaying purchases for potential price drops [3] - The emergence of "smart gold stores" in major cities allows consumers to buy and sell gold products through self-service machines, indicating a shift towards more flexible trading options [3] Group 4: Industry Developments - The Ministry of Industry and Information Technology and other departments have launched a plan to enhance the gold recycling market and standardize recycling practices [4] - Financial institutions are developing integrated platforms that combine physical gold, accumulation gold, gold ETFs, and recycling services, aiming to tap into the service potential of the gold market [4] Group 5: Strategic Insights - Companies are focusing on creating a comprehensive product system for gold, emphasizing the importance of gold as an asset allocation tool and the need for full-cycle service capabilities [5] - The current dynamics in the gold market highlight a shift from simple ownership to flexible allocation, with a deeper integration of financial and consumer attributes in the trading chain [5]

Core Insights - On July 10, 2025, the global gold market experienced slight fluctuations, with retail prices from various brands showing minor declines, attracting attention from investors and consumers [1] Group 1: Shanghai Gold Exchange - The latest price for RMB gold at the Shanghai Gold Exchange was 766.39 yuan per gram, down by 5.12 yuan, a decrease of 0.664% from the previous trading day [2] - Gold prices fluctuated between 762.15 yuan and 771.00 yuan, indicating cautious investor sentiment [2] - Specific contract performances included: - Gold 9999: 763.3 yuan, down 1.06% [3] - Gold 9995: 763 yuan, down 1.17% [4] - Gold 100g: 764 yuan, down 1.11% [5] - mAuT D: 763.38 yuan, down 1.06% [7] - Gold T D: 763.05 yuan, down 1.01% [8] Group 2: Wholesale Market Insights - In the Shui Bei gold wholesale market, prices varied based on purity: - 999 gold: 777 yuan per gram [9] - 999.9 gold: 778 yuan per gram [10] - 999.99 gold: 779 yuan per gram [11] - Other gold types included: - Ancient method gold: 778 yuan per gram [12] - 5G gold: 778 yuan per gram [12] - 3D hard gold: 777 yuan per gram [13] - Gold bars: 777 yuan per gram [14] - Platinum was priced at 353 yuan per gram, and 18k gold at 587 yuan per gram, with additional processing fees ranging from 10 to 35 yuan per gram [14] Group 3: Retail Price Adjustments - Major retail brands saw slight price reductions in gold jewelry, with prices ranging from 788 yuan to 999 yuan per gram (excluding processing fees) [15] - Specific brand prices included: - Chow Sang Sang: 999 yuan, down 8 yuan [16] - Chow Tai Fook, Luk Fook, and others: 998 yuan, down 7 yuan [17] - Lao Feng Xiang: 998 yuan, down 6 yuan [18] - Lao Miao Gold: 995 yuan, down 5 yuan [19] - Zhou Liu Fu: 978 yuan, down 7 yuan [20] - Consumers should consider brand premiums, design, and after-sales service when purchasing gold jewelry [21] Group 4: Bank Gold Bar Prices - Bank gold bar prices showed slight variations: - Industrial and Commercial Bank: 781.62 yuan per gram [23] - China Construction Bank: 779.40 yuan per gram [24] - Bank of China: 777.62 yuan per gram [25] - Agricultural Bank: 784.40 yuan per gram [26] Group 5: Investment Recommendations - The gold market on July 10, 2025, showed slight fluctuations, with active trading at the Shanghai Gold Exchange and stable prices in the Shui Bei wholesale market [28] - Gold is viewed as an important asset allocation tool with hedging and preservation functions, but it is not a guaranteed profit investment [28] - Suggested investment tools include: - Physical gold: Suitable for long-term preservation [29] - Gold ETFs: Convenient for general investors [30] - Gold mining stocks: Higher risk but potential for greater returns [31]