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]

值得注意的是，中国罕王今年7月宣布，计划通过介绍上市方式将子公司"罕王黄金"分拆至香港联交所 主板独立上市。第一上海表示，分拆后，公司将形成平行上市结构，现有股东无需额外出资即可同时持 有中国罕王(铁矿业务)和罕王黄金(黄金业务)的股份。此举旨在打造一个独立的黄金业务资本平台，推 动黄金业务估值修复。此外，公司计划在分拆前引入长期战略投资者，并将融资金用于西澳Cygnet金矿 项目的建设。 来源：智通财经网 消息面上，中国罕王8月18日披露最新的可行性研究报告，对Mt Bundy项目最后可研报告以及Cygnet项 目预可研报告进行了更新。将澳洲507万盎司黄金资源量中的可采资源量增加至310万盎司，两个金矿投 产后预计黄金年产量合计超过20万盎司。公司近期披露了旗下金矿的研究报告，Cygnet矿山仍处于预可 研阶段，矿山建设的投资暂时全部计入生产成本。未来生产年限的增加以及品位的优化，成本有望持续 下降。公司两个金矿项目投资回报高，未来盈利可期。 中国罕王(03788)再涨近9%，年内累计涨幅已超365%。截至发稿，涨7.36%，报3.5港元，成交额2354.19 万港元。 ...

消息面上，中国罕王8月18日披露最新的可行性研究报告，对Mt Bundy项目最后可研报告以及Cygnet项 目预可研报告进行了更新。将澳洲507万盎司黄金资源量中的可采资源量增加至310万盎司，两个金矿投 产后预计黄金年产量合计超过20万盎司。公司近期披露了旗下金矿的研究报告，Cygnet矿山仍处于预可 研阶段，矿山建设的投资暂时全部计入生产成本。未来生产年限的增加以及品位的优化，成本有望持续 下降。公司两个金矿项目投资回报高，未来盈利可期。 值得注意的是，中国罕王今年7月宣布，计划通过介绍上市方式将子公司"罕王黄金"分拆至香港联交所 主板独立上市。第一上海表示，分拆后，公司将形成平行上市结构，现有股东无需额外出资即可同时持 有中国罕王(铁矿业务)和罕王黄金(黄金业务)的股份。此举旨在打造一个独立的黄金业务资本平台，推 动黄金业务估值修复。此外，公司计划在分拆前引入长期战略投资者，并将融资金用于西澳Cygnet金矿 项目的建设。 中国罕王(03788)再涨近9%，年内累计涨幅已超365%。截至发稿，涨7.36%，报3.5港元，成交额2354.19 万港元。 ...

消息面上，中国罕王8月18日披露最新的可行性研究报告，对Mt Bundy项目最后可研报告以及Cygnet项 目预可研报告进行了更新。将澳洲507万盎司黄金资源量中的可采资源量增加至310万盎司，两个金矿投 产后预计黄金年产量合计超过20万盎司。公司近期披露了旗下金矿的研究报告，Cygnet矿山仍处于预可 研阶段，矿山建设的投资暂时全部计入生产成本。未来生产年限的增加以及品位的优化，成本有望持续 下降。公司两个金矿项目投资回报高，未来盈利可期。 值得注意的是，中国罕王今年7月宣布，计划通过介绍上市方式将子公司"罕王黄金"分拆至香港联交所 主板独立上市。第一上海表示，分拆后，公司将形成平行上市结构，现有股东无需额外出资即可同时持 有中国罕王(铁矿业务)和罕王黄金(黄金业务)的股份。此举旨在打造一个独立的黄金业务资本平台，推 动黄金业务估值修复。此外，公司计划在分拆前引入长期战略投资者，并将融资金用于西澳Cygnet金矿 项目的建设。 智通财经APP获悉，中国罕王(03788)再涨近9%，年内累计涨幅已超365%。截至发稿，涨7.36%，报3.5 港元，成交额2354.19万港元。 ...

Core Viewpoint - Zijin Mining (601899/02899) plans to spin off its subsidiary, Zijin Gold International Co., Ltd., for a listing on the main board of the Hong Kong Stock Exchange [1] Group 1: IPO Details - Zijin Gold International has published its prospectus on the Hong Kong Stock Exchange website on September 19, 2025, with a plan to globally offer 349 million shares, accounting for approximately 13.30% of the total issued shares post-offering [1] - The overall underwriters have the option to exercise an over-allotment option, requesting up to 52.35 million additional shares at the offering price, which could increase the total shares issued to 401 million, representing a significant portion of the offering [1] - The offering price is set at HKD 71.59 per share, with the public offering in Hong Kong starting on September 19, 2025, and expected to end on September 24, 2025, with new shares anticipated to commence trading on September 29, 2025 [1] Group 2: Financial Performance - For the first half of 2025, Zijin Mining reported revenue of CNY 167.71 billion and a net profit attributable to shareholders of CNY 23.29 billion [1]

香港联交所最新资料显示，9月18日，赤峰黄金（600988）(06693)股东将股票由第一上海证券公司转入 花旗银行，转仓市值4.38亿港元，占比6.30%。 此前赤峰黄金发布截至2025年6月30日止6个月中期业绩，该集团取得营业收入52.72亿元，同比增加 25.64%;归属于上市公司股东的净利润11.07亿元，同比增加55.79%;基本每股收益0.63元。 ...

根据公告，紫金黄金国际本次全球发售股份初步占公司发行后总股本的13.3%，其中香港公开发售占 10%，国际配售占90%。如承销商全额行使超额配售权，发行股份占总股本的比例将提升至15%。 紫金黄金国际表示，本次IPO募集资金将主要用于扩大公司在黄金资源勘探、矿山开发及精炼加工等产 业链的布局，并进一步强化公司在全球黄金市场的竞争力。公司为紫金矿业集团的控股子公司，上市后 仍将保持紫金矿业控股地位。 公告还显示，紫金矿业H股合资格股东将获得优先认购机会，每持有344股紫金矿业H股，可获分配1股 紫金黄金国际的预留股份，以保障母公司股东的利益。 香港联合交易所网站消息，9月19日，紫金矿业集团（02899.HK）旗下紫金黄金国际有限公司发布公告 称，公司拟全球发售3.49亿股股份，发售价为每股71.59港元。预计将于9月29日在联交所主板挂牌交 易。 根据计算，本次发行预计将为公司募集资金约250亿港元（约合人民币约228.6亿元），最终金额可能因 承销商行使超额配售权而有所调整。 根据彭博社9月18日报道，此次IPO被视为自2025年5月以来全球规模最大的公开募股（IPO），已吸引 多家重量级机构投资者参与。 ...

紫金黄金国际本次全球发售基础发行股数为3.49亿股(视乎超额配售权行使与否而定;约占全球发售完成 后已发行的紫金黄金国际股份总数13.30%)，其中，初步安排香港公开发售3489.91万股(可予重新分 配)，约占全球发售基础发行股数的10%;国际发售3.14亿股(包括优先发售项下的1744.96万股预留股份， 可予重新分配及视乎超额配售权行使与否而定)，约占全球发售基础发行股数的90%。 紫金黄金国际本次发行的价格确定为71.59港元/股。紫金黄金国际香港公开发售于2025年9月19日开 始，预计于2025年9月24日结束。紫金黄金国际本次发行的新股预计于2025年9月29日在香港联交所挂牌 并开始上市交易。 紫金矿业（601899）(601899.SH)发布公告，2025年9月19日，公司收到所属子公司紫金黄金国际有限公 司(简称"紫金黄金国际")通知，其已于当日在香港联交所网站刊登本次发行上市的招股说明书。 ...

Core Viewpoint - Zhaojin Mining (01818) has announced a cornerstone investment agreement involving its wholly-owned subsidiary, Spico International Limited, with Zijin International and several financial institutions, indicating a strategic partnership aimed at enhancing growth and long-term shareholder returns [1] Group 1: Investment Details - The cornerstone investment agreement was signed on September 17, 2025, with an expected investment amount of USD 30 million, equivalent to a certain amount in Hong Kong dollars [1] - The agreement involves the subscription of shares by the investor at the offer price as part of an international offering [1] Group 2: Company Background - Zijin International is a subsidiary of Zijin Mining (601899), focusing on gold mining, smelting, and sales, and is a significant player in the global gold mining industry [1] - The cornerstone investment is seen as beneficial for deepening the strategic cooperation between Zhaojin Mining and Zijin Mining, which is expected to support the company's growth [1]