PING AN OF CHINA(SH:601318) Sou Hu Cai Jing·2026-01-28 06:08Group 1 - The international gold market has experienced a significant surge, with London spot gold prices breaking through the $5,200 per ounce mark, reaching a historical high [1] - The rise in gold prices is attributed to multiple structural factors rather than short-term sentiment, including the ongoing pressure on the US dollar credit system and an accelerated phase of "de-dollarization" [1] - The World Gold Council reports that global gold ETF holdings have reached a historical peak of 4,025 tons, indicating a strong long-term allocation interest from institutional investors [1] Group 2 - Despite fluctuations in Federal Reserve interest rate expectations, the macroeconomic environment remains favorable for non-yielding assets like gold, as the cost of holding gold decreases [2] - The dual attributes of gold as a safe-haven and a hedge are being fully activated amid regional political risks and financial system vulnerabilities [2] - The Ping An CSI Hong Kong-Shenzhen Gold Industry ETF (159322) closely tracks the CSI Hong Kong-Shenzhen Gold Industry Stock Index, which covers leading mining companies listed in the Hong Kong and Shenzhen markets, benefiting from high gold prices that are expected to significantly boost sales revenue and profits [2]