黄金企业掀起“A+H”热潮

Core Viewpoint - International gold prices have reached a historic high, surpassing $4000 per ounce and approaching $4100, leading to increased enthusiasm for IPOs among gold companies in Hong Kong [1][2]. Group 1: Gold Price Trends - As of October 13, the London spot gold price was reported at $4071.94 per ounce, with a daily increase of 1.35% and a peak of $4079.85 per ounce during the day [1]. - The rise in international gold prices has also led to domestic gold jewelry prices exceeding 1170 yuan per gram [1]. Group 2: IPO Activities - Multiple gold companies have pursued IPOs in Hong Kong this year, including Chifeng Jilong Gold Mining, which became the first "A+H" listed company in Inner Mongolia after successfully listing on the Hong Kong market on March 10 [2]. - Chifeng Jilong's stock price increased over 159.85% from its issue price of 13.72 HKD to 35.6 HKD, with a total market capitalization of 687.19 billion HKD as of October 13 [2]. - Zijin Mining's subsidiary, Zijin Gold International, listed on the Hong Kong Stock Exchange on September 30, with its stock price rising 98.88% from the issue price of 71.59 HKD to 142.4 HKD, achieving a market capitalization of 3811.11 billion HKD [2]. Group 3: Future Listings - Other companies, such as Shanjin International and Chaohongji, have also submitted IPO applications to the Hong Kong Stock Exchange [3]. - Shanjin International, already listed on A-shares, focuses on the exploration and mining of various metals and has a gold resource of 284.6 tons as of June 30, 2025 [3]. - Chaohongji aims to expand its overseas presence and has received approval for its H-share listing application, marking a significant step in its dual listing process [3]. Group 4: Strategic Goals - Companies are targeting the Hong Kong market for IPOs to broaden financing channels, optimize shareholder structures, and accelerate globalization [4]. - Zijin Gold International plans to use the funds raised for acquisitions and upgrades of mining operations, while Chaohongji intends to enhance production capacity and expand its brand presence in Southeast Asia [5]. Group 5: Market Dynamics - The attractiveness of the Hong Kong market has increased, with the Hong Kong Stock Exchange reporting a significant rise in new stock listings and capital raised [6]. - As of mid-2025, the number of new stock applications has doubled compared to the previous year, indicating a robust market environment [6]. - The average daily trading volume in the securities market increased by 118%, reflecting heightened investor interest and participation [6].