Group 1 - The recent performance of the three major U.S. stock indices has been strong, with record highs, raising questions about the sustainability of this rally and its underlying drivers [1] - The expectation of interest rate cuts by the Federal Reserve is a significant factor contributing to the stock market's rise, but it is not a guaranteed solution for long-term growth [3] - Company earnings are crucial for sustained stock market growth, as evidenced by FedEx's strong earnings boosting its stock, while Lennar's disappointing results led to a 4.2% drop in its stock price [3] Group 2 - The rise in gold prices, which has significantly benefited Newmont Mining's stock, is driven by expectations of interest rate cuts, inflation fears, and concerns over government debt devaluation [5] - However, if the Federal Reserve's rate cuts are not as substantial as anticipated or if inflation decreases, the upward momentum in gold prices may weaken [5] - The Federal Reserve primarily relies on interest rates as its main tool for economic management, facing challenges in balancing employment growth and inflation control [7] Group 3 - Concerns exist regarding the impact of declining stock markets in Europe and Asia on U.S. markets, particularly as the Nikkei index fell due to the Bank of Japan's stock sales [7] - The U.S. stock market's strength is primarily supported by domestic factors, such as interest rate expectations and strong corporate earnings, rather than external market movements [7] - The slowing growth in the U.S. job market and potential global economic slowdown could negatively affect U.S. companies' overseas operations, posing risks to the stock market [9]

Major Events - Zijin Mining International (02259) is conducting an IPO from September 19 to September 24, with expected listing on September 29 [1] - Xipuni (02583) is also conducting an IPO from September 19 to September 24, with expected listing on September 29 [1] - China National Nuclear Corporation (01735) plans to establish a strategic partnership with Ant Blockchain in the fields of new energy digital assets and AI ecology [1] - Huajian Medical (01931) has officially completed the world's first RWA building - ETHK building, marking a new era of physical and scalable technology for ETHK's financial ecosystem [1] - Hong Kong Broadband (01310) received a placement of 47.925 million existing shares from its controlling shareholder, China Mobile Hong Kong [1] - Jieli Trading Treasure (08017) launched DeepTrade AI Agent, an intelligent trading system [1] - Fuhong Hanlin (02696) received approval from the European Commission for HLX14 (dazhu single antibody) for specific osteoporosis treatment indications [1] - Changying Group (Holdings) (00689) underwent a major shareholder change, with VCYBER acquiring 13.92% of the company's shares [1] - Zhaojin Mining Industry (01818) plans to invest $30 million to subscribe for cornerstone shares of Zijin International [1] - Boya Interactive (00434) established a strategic partnership with New Fire Technology to jointly explore Web3 ecological development opportunities [1] - Yangtze Optical Fibre and Cable (06869) experienced abnormal trading fluctuations in A-shares, with no significant impact on financial data from the hollow fiber-related business [1] - Baiguoyuan Group (02411) plans to issue a total of 279.5 million placement shares, aiming to raise approximately HKD 325 million [1] - Youbao Online (02429) plans to issue up to 157.5 million placement shares at a discount of approximately 16.95% [1] Operating Performance - SF Holding (06936) reported a total revenue of CNY 24.787 billion from its express logistics, supply chain, and international businesses in August, representing a year-on-year growth of 7.86% [2]

Group 1 - The core point of the news is that Zhaojin Mining (01818.HK) has signed a cornerstone investment agreement to invest USD 30 million in Zijin International's IPO, which strengthens the strategic partnership between Zhaojin Mining and its major shareholder, Zijin Mining [1] - Zhaojin Mining's investment will be funded through internal financial resources and is part of Zijin International's international offering [1] - Zijin International, a wholly-owned subsidiary of Zijin Mining, reported an audited total equity of approximately USD 4.236 billion as of June 30, 2025, with projected pre-tax profits of USD 427 million, USD 415 million, and USD 937 million for the years 2022 to 2024 [1] Group 2 - Zhaojin Mining's mid-year report for 2025 shows a revenue of CNY 6.973 billion, a year-on-year increase of 50.69%, and a net profit attributable to shareholders of CNY 1.44 billion, up 160.44% year-on-year [2] - The company achieved a total gold production of approximately 14,288.09 kilograms in the first half of the year, representing a growth of about 8.42% compared to the same period last year [2] - Zhaojin Mining's stock price has increased approximately 156% year-to-date, closing at HKD 28.02 per share as of September 19 [2]

证券代码：600547 证券简称：山东黄金 公告编号：临2025-065 山东黄金矿业股份有限公司 2025年第四次临时股东会决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 重要内容提示： ■ （四）表决方式是否符合《公司法》及《公司章程》的规定，股东会主持情况等。 公司2025年第四次临时股东会由公司董事会召集，公司董事长韩耀东先生主持会议。会议的召集、召开 及表决方式均符合《公司法》等法律法规及《公司章程》的有关规定。 （五）公司董事和董事会秘书的出席情况 1、公司在任董事9人，出席6人，董事修国林先生、汤琦先生、独立董事战凯先生因工作原因未能出席 股东会； 2、公司董事会秘书王毅女士出席股东会，部分高管列席股东会； 3、本次股东会的计票和监票工作由公司股东代表、律师及卓佳证券登记有限公司代表担任。 二、议案审议情况 （一）非累积投票议案 1、议案名称：《关于公司控股子公司山金国际发行境外上市股份（H股）并在香港联合交易所有限公 司上市的议案》 表决情况： 审议结果：通过 表决情况： ■ 2.00《关于公司控股子 ...

| 表格序號 | | 大股東/董事/最高行政人員名稱 作出披露的 買入 / 賣出或涉及的股 每股的平均價 | | | 持有權益的股份 | | --- | --- | --- | --- | --- | --- | | | | 原因 份數目 | | | (請參閱上述 | | CS20250918E00511 | 招金矿业股份有限公司 | 1201(L) | 14,500,000(L) | HKD 30.0800 | 17,1 | | CS20250918E00510 | 斯派柯国际有限公司 | 1201(L) | 14,500,000(L) | HKD 30.0800 | 17.1 | 本次交易涉及关联方：斯派柯国际有限公司。 | 股份代號: | 06693 | | --- | --- | | 上市法團名稱: | 赤峰吉隆黃金礦業股份有限公司 - H股 | | 日期 (日 / 月 / 年): | 19/09/2024 - 19/09/2025 | 香港联交所最新资料显示，9月18日，招金矿业股份有限公司减持赤峰黄金（600988）(06693)1450万股，每股作价30.08港元，总金额约4.36亿港元。减持后 ...

智通财经APP获悉，香港联交所最新资料显示，9月18日，招金矿业股份有限公司减持赤峰黄金(06693)1450万股，每股作价30.08港元，总金额约4.36亿港 元。减持后最新持股数目为1711.74万股，最新持股比例为7.24%。 | 表格序號 | | 大股東/董事/最高行政人員名稱 作出披露的 買入 / 賣出或涉及的股 每股的平均價 | | | 持有權益的股份 | | --- | --- | --- | --- | --- | --- | | | | 原因 份數目 | | | (請參閱上述 | | CS20250918E00511 | 招金矿业股份有限公司 | 1201(L) | 14,500,000(L) | HKD 30.0800 | 17,1 | | CS20250918E00510 | 斯派柯国际有限公司 | 1201(L) | 14,500,000(L) | HKD 30.0800 | 17.1 | 本次交易涉及关联方：斯派柯国际有限公司。 | 股份代號: | 06693 | | --- | --- | | 上市法團名稱: | 赤峰吉隆黃金礦業股份有限公司 - H股 | | 日期 (日 / 月 ...

Core Viewpoint - The recent semi-annual adjustment of the FTSE Global Equity Index Series has included several Hong Kong stocks, indicating a shift in market dynamics and highlighting the performance of certain sectors, particularly gold and biopharmaceuticals [1][2][3]. Group 1: Index Adjustments - Chifeng Jilong Gold Mining (06693) and Laopuhuang Gold (06181) have been included in the FTSE China Large Cap Index for the first time, while 11 Hong Kong stocks, including SF Express (09699) and SOTY Technology (02498), have been added to the FTSE China Small Cap Index [1][2]. - The FTSE Global Equity Index Series categorizes stocks into four market capitalization tiers based on free float market capitalization, which excludes strategic holdings and locked shares [1]. Group 2: Market Performance - The newly included stocks have shown significant price increases this year, with Chifeng Jilong Gold rising over 120% and Laopuhuang Gold increasing by over 200%, reflecting strong sector performance [3]. - The biopharmaceutical sector has also seen substantial growth, with companies like Rongchang Bio (09995) and Sanofi (01530) experiencing stock price increases of nearly 670% and a market capitalization exceeding 77 billion HKD, respectively [3][5]. Group 3: Company Highlights - Chifeng Jilong Gold focuses on gold mining and resource recovery, reporting a net profit of 1.107 billion RMB in the first half of 2025, a year-on-year increase of 55.79% [4]. - Laopuhuang Gold, which went public on June 28, 2024, has seen its stock price surge by 204.65% this year, making it the highest-priced stock in the Hong Kong market [4]. - SF Express, as the largest third-party instant delivery platform in China, has seen steady growth in market capitalization and liquidity since its listing in December 2021, with a target price of 20 HKD set by Daiwa [4]. - Sanofi has gained attention due to a significant business development deal with Pfizer, leading to a market capitalization of 77 billion HKD [5]. - Fourth Paradigm (06682) has received positive outlooks from multiple brokerages, with target prices raised due to its strong position in the AI sector [6].

Core Viewpoint - Zijin Mining announced the issuance of a prospectus for its subsidiary, Zijin Gold International, on September 19, 2025, indicating a significant step in its global offering [1] Group 1: Offering Details - Zijin Gold International plans to issue a total of 349 million shares, which represents approximately 13.30% of the total shares post-offering [1] - The offering includes a public sale of 34.89 million shares in Hong Kong, accounting for about 10% of the total offering, while the international offering will consist of 314 million shares, making up 90% of the total [1] - The determined price for the shares is set at HKD 71.59 per share [1] Group 2: Timeline - The Hong Kong public offering is scheduled to begin on September 19, 2025, and is expected to conclude on September 24, 2025 [1] - The new shares are anticipated to be listed and commence trading on the Hong Kong Stock Exchange on September 29, 2025 [1]

Core Viewpoint - FTSE Russell has updated its semi-annual adjustment list for the FTSE Global Equity Index Series, with several Hong Kong stocks being included in the FTSE China Large Cap and Small Cap indices, effective after the market close on September 19 [1][2]. Group 1: Index Adjustments - Chifeng Jilong Gold Mining (06693) and Laopu Gold (06181) are newly included in the FTSE China Large Cap Index, marking their first inclusion [1]. - Eleven Hong Kong stocks, including SF Express (09699) and SOTY Technology (02498), have been added to the FTSE China Small Cap Index [1][2]. - The adjustments reflect a focus on companies with large market capitalization and high liquidity, indicating a strategic selection of industry leaders [1]. Group 2: Market Performance - The newly included stocks have shown significant price increases this year, outperforming the broader market, with Chifeng Jilong Gold Mining rising over 120% and Laopu Gold increasing by over 200% [3]. - The biopharmaceutical sector has also seen strong performance, with companies like Rongchang Biopharmaceutical (09995) and 3SBio (01530) experiencing substantial stock price increases, with Rongchang Biopharmaceutical rising nearly 670% [3]. Group 3: Company Highlights - Chifeng Jilong Gold Mining reported a net profit of 1.107 billion RMB for the first half of 2025, a year-on-year increase of 55.79%, benefiting from a bullish gold market [4]. - Laopu Gold, which went public on June 28, 2024, has seen its stock price soar by 204.65% this year, making it the highest-priced stock in the Hong Kong market [4]. - SF Express has established itself as a leading third-party instant delivery platform, with a stable increase in market capitalization and liquidity since its listing in December 2021 [4]. Group 4: Future Outlook - The inclusion in international indices is expected to attract more capital and enhance liquidity for the newly added companies, potentially leading to further stock price support [3]. - Companies like 3SBio and Fourth Paradigm (06682) are anticipated to benefit from their strong market positions and growth potential in their respective sectors, with analysts raising target prices for these stocks [5][6].

Group 1 - The core viewpoint of the article is that Zijin Mining's subsidiary, Zijin Gold International, is set to launch an IPO on the Hong Kong Stock Exchange, aiming to raise approximately HKD 24.47 billion for various strategic investments and operational enhancements [2][5][7] - Zijin Gold International will offer 349 million shares, representing 13.30% of the enlarged share capital, with a potential total of 401 million shares if the over-allotment option is exercised, equating to 15.00% of the enlarged share capital [2] - The IPO price is set at HKD 71.59 per share, leading to an estimated market capitalization of around HKD 187.9 billion, while its parent company, Zijin Mining, has a current market value of HKD 756.4 billion [2][3] Group 2 - Zijin Gold International focuses on overseas gold mining operations, holding interests in eight gold mines across regions such as Central Asia, South America, Oceania, and Africa, with significant ownership stakes in most of these mines [3][4] - The company has demonstrated strong financial growth, with a projected compound annual growth rate (CAGR) of 28.2% in revenue from 2022 to 2024, reaching USD 2.9899 billion in 2024, and a CAGR of approximately 61.9% in net profit, expected to reach USD 481 million in the same year [4] - Major shareholders include Zijin Mining, which will retain an 86.70% stake post-IPO, and cornerstone investors such as GIC, Hillhouse Capital, and BlackRock, who have committed to invest at least USD 120 million [6] Group 3 - The funds raised from the IPO will be allocated as follows: approximately 33.4% (or HKD 81.82 billion) for acquiring the Raygorodok gold mine in Kazakhstan, about 50.1% (or HKD 122.50 billion) for upgrades and construction at existing mines over the next five years, and around 6.5% (or HKD 15.91 billion) for exploration activities at all operational mines [8] - The IPO is scheduled for public offering from September 19 to September 24, 2025, with shares expected to commence trading on September 29, 2025 [2][7]