金浔资源公布全球发售配发结果。公司发售3676.56万股H股，其中香港公开发售占10%，国际发售占 90%。发售价定为每股30港元，全球发售净筹约10.43亿港元。每手为200股，H股预计于2026年1月9日 上午九时开始在联交所买卖。香港公开发售获143.46倍认购，国际发售获12.78倍认购。 ...

午后保险股走强，云锋金融盘中涨近8%，中国再保险盘中涨近6%，中国人寿一度涨超5%。资源股集体 飙升，亚太资源盘中涨超22%，中国白银集团盘中涨超10%，力勤资源一度涨超8%，灵宝黄金盘中涨近 6%。科技股中，百度集团-SW午后涨近10%，金蝶国际盘中涨超7%，创维集团一度涨超12%。 据上海证券报，综合多家市场机构观点来看，港股2026年首个交易日大涨有多重原因：一是1月2日，离 岸人民币兑美元汇率盘中升破6.97，创下2023年5月以来的新高水平，进一步鼓励资金流入港股；二 是"港股GPU第一股"壁仞科技上市大涨，这种"首日盘中翻倍"的赚钱效应提振了市场对硬科技、半导体 和AI板块的投资情绪；三是港股龙头个股有利好消息，如华虹半导体向华虹集团等4名交易对方购买其 合计持有的华力微97.4988%股权，以及百度拟分拆昆仑芯并独立上市，再次印证了芯片、AI算力赛道 的市场前景和资本认可度。 2026.01.02 本文字数：710，阅读时长大约1分钟 来源 |上海证券报 1月2日，2026年港股首个交易日，三大指数高开高走。截至收盘，恒生指数涨2.76%报26338.47点，日 内涨超700点；恒生国企指数涨2 ...

Core Insights - In 2025, the Hong Kong IPO market has significantly rebounded, reclaiming the top position globally in fundraising, driven by the increasing allocation of international capital to Chinese assets and the enhanced international service capabilities of Chinese investment banks [1][7] Group 1: Market Performance - The Hong Kong market completed 117 IPOs in 2025, with China International Capital Corporation (CICC) participating in 53, achieving a market coverage rate of 45%, a substantial increase from 17% in 2019 [1] - CICC sponsored 33 companies for listing, maintaining the number one market share for four consecutive years, with a sponsorship market share of 36% [1][2] Group 2: Underwriting Scale - CICC's total underwriting scale exceeded $10 billion, with a market share of nearly 30%, nearly doubling from about 15% in 2019 [2] - The shift in market dynamics reflects CICC's enhanced ability to cover global investors and its growing dominance in key underwriting processes [2] Group 3: Leading Projects - CICC's involvement in head projects increased from 4 in 2019 to 10 in 2025, representing 50% of the total head projects, with 8 projects having an underwriting share exceeding 45% [3] - This change highlights CICC's professional capabilities in leading organization and communication with global investors [3] Group 4: Internationalization and Capital Access - CICC has successfully attracted top-tier sovereign funds and long-term institutional investors for various IPOs, providing crucial funding for companies [4] - Notable IPOs include CATL's $5.25 billion listing, which set multiple records, and Chery Automobile's $1.34 billion IPO, marking the largest financing scale for a comprehensive automotive company in nearly a decade [5][6] Group 5: Strategic Innovations - The listing of Jaxin International Resources marked a significant milestone as the first dual listing project in Hong Kong and Astana, showcasing innovative trading structures and the internationalization of the RMB [6] - CICC's role in these projects has established a strong market pricing foundation for emerging international mining enterprises [6] Group 6: Overall Impact - From 2019 to 2025, CICC has transitioned from a significant participant to a leader in the Hong Kong IPO market, enhancing its influence and establishing a more robust pricing foundation for Chinese assets in the global capital market [7]

这是因为，日本毫不掩饰与中亚国家合作的地缘政治算计。一是着眼资源抢夺与供应链布局。日本将中 亚视为关键矿产的来源地，重点锁定稀土、铀矿、石油等战略资源，希望通过建立从勘探到运输的完整 产业链，将中亚纳入其"经济安保"的战略供应体系，以此降低对中国稀土依赖的结构性风险。二是着意 对冲中俄地区影响力。中亚地处中俄之间，既是俄罗斯传统重要战略区域，又是共建"一带一路"的重要 支点。日本试图通过"中间走廊"等物流通道建设打造绕开俄罗斯的运输路线，插足欧亚大陆腹地，配合 西方地缘战略布局，削弱中俄在中亚的影响力。三是着眼外交突围与内政需要。高市早苗政府因涉台错 误言论导致中日关系紧张，与中亚五国的峰会塑造"活跃外交"形象，有助于转移国内民众视线，为后续 推动修宪、突破安保限制创造有利的舆论环境，本质上是一场"内政优先"的外交表演。 其实，日本对中亚的关注并不新鲜。早在1997年，桥本龙太郎内阁就提出过"丝绸之路外交"的构想。但 20多年来，日本在中亚地区的影响力却始终有限。究其原因，一是合作基础先天不足。日本与中亚相隔 数千公里，既无陆地相连也无便捷的海上通道，物流成本高昂、合作效率低下。中亚五国在投资环境、 法治水平 ...

把地产的烂肉剥走，也把资源的肥肉剥走。 | 作者 | | 木盒 | | --- | --- | --- | | 编辑 | | 小白 | 2025年12月8日，中国中冶发了一个公告，第二个交易日股价迅速跌近跌停。 | C 601618.SH 交易中 | | | | | | --- | --- | --- | --- | --- | | 3.05 -10.03% | | | | 品 | | 开 3.23 低 | 3.23 高 | | 11.94 3.05 市盈率型 | | | 量 709.59万手 额 21.86亿 换 | | 3.97% 总市值 | 632.07亿 · | | | ■■ 公司地位:公司在冶金建设领域占据绝对优势地位,是冶 ... | | | | | | 分时 日K | 5日 | 周K 月K 年K * | -0 == | | | I 3.73 | | | 10.03% 切换金额 Jr | | | | | | 卖 3.10 3.79万 | | | | | 卖4 | 3.09 1.45万 | | | | | 英3 英2 | 3.08 3.66万 3.07 4.82万 | | | | | 英1 | 11 ...

Core Points - China Metallurgical Group Corporation (China MCC) experienced a nearly 3% decline in stock price, trading at HKD 2.27 with a transaction volume of HKD 37.68 million [1] - As of November 14, China MCC announced that its new contract value for January to October 2025 was RMB 845.07 billion, a decrease of 11.8% compared to the same period last year [1] - The company reported that its new overseas contract value reached RMB 71.16 billion, reflecting a growth of 7.3% year-on-year [1] - Everbright Securities has downgraded the company's net profit forecasts for 2025 and 2026 to RMB 4.79 billion and RMB 4.99 billion, representing reductions of 30% and 26% respectively [1] - The new net profit forecast for 2027 is set at RMB 5.23 billion [1] - Despite the challenges faced in the steel, construction, and real estate sectors, Everbright Securities remains optimistic about the company's overseas and resource business development, maintaining a "buy" rating for both A-shares and H-shares [1]

Core Viewpoint - 中色股份 reported significant growth in net profit for Q3 2025, driven by its "engineering contracting + resource development" dual strategy, with a net profit increase of over 80% year-on-year [1][2]. Financial Performance - The company achieved a net profit attributable to shareholders of 40.34 million yuan in Q3, marking an 83.37% year-on-year increase [1]. - For the year-to-date period, the net profit reached 481 million yuan, reflecting a 42.84% increase compared to the previous year, with a weighted average return on equity of 8.23%, up 2.04 percentage points [1]. Investment Gains - Investment income increased by 117.70% year-on-year, significantly contributing to profit growth [2]. - The fair value change of financial assets held by the parent company rose by 368.49% year-on-year, further boosting profitability [2]. - The company is progressing with its plan to sell stock assets, having sold part of its holdings in Shengda Resources, which is expected to provide additional cash flow [2]. Engineering Contracting Business - The engineering contracting segment continued to develop steadily, with 29 ongoing projects totaling 34.688 billion yuan and 2 signed but not yet effective projects exceeding 10.936 billion yuan [2]. - The Vietnam Duon Electrolytic Aluminum Project, which started in February 2025, is a key contributor, with a contract value of 4.196 billion yuan and 15% of the project completed as of Q3 [2]. Long-term Outlook - Analysts express optimism about 中色股份's long-term development, highlighting the robust order backlog in the engineering contracting business and the company's ability to secure future orders under the "Belt and Road" initiative [3]. - The resource segment is also gaining momentum, with significant potential from core projects like the Baiyin Noer Lead-Zinc Mine and the Dari Lead-Zinc Mine, which are expected to enhance production capacity [3]. - The dual strategy of "engineering contracting + resource development" is validated by the company's performance, with stable support from engineering orders and anticipated resource project output contributing to future growth [3].

Core Viewpoint - Resource-based cities must transition from reliance on traditional resources to a diversified and high-quality development model, focusing on both strengthening traditional industries and cultivating emerging technology-driven sectors [1][2]. Group 1: Traditional Resource Utilization - Resource-based cities should maximize the value of their existing traditional resources, enhancing the added value of resource-based products to create new advantages while generating funds for emerging industries [1]. - The strategy involves a dual approach: strengthening traditional resource industries while also developing new industries that are either related to or independent from traditional resources [1]. Group 2: Industry Structure Optimization - The industrial structure of resource-based cities typically features a dominant secondary sector, with weaker primary and tertiary sectors. Transitioning requires optimizing this structure by increasing the share of the tertiary sector while adjusting the internal structure of the secondary sector [2]. - It is crucial to balance development with safety, and traditional industries with emerging ones, promoting innovation and sustainability in both sectors [2].

Group 1 - The company aims to focus on strategic goals and continuously track and implement high-quality resource projects globally [1] - The company is transitioning towards becoming a resource-holding listed company [1]

Core Viewpoint - Jihai Resources Group announced a financing plan through the placement of new shares, aiming to raise approximately HKD 470 million, with net proceeds expected to be around HKD 460 million after expenses [1] Group 1: Financing Details - The company plans to issue 400,000,000 shares at a price of HKD 1.18, representing a discount of about 19.2% compared to the previous trading day's closing price of HKD 1.46 [1] - The placement shares will account for approximately 20% of the existing issued share capital and about 16.7% of the enlarged share capital post-issue [1] Group 2: Use of Proceeds - Approximately HKD 230 million will be allocated for the acquisition of potential gold mining projects [1] - Around HKD 120 million is designated for accelerating business expansion [1] - Another HKD 120 million will be used for general working capital and other corporate purposes [1] Group 3: Underwriters and Coordination - The financing is coordinated by Huafu International Securities, Fangde Securities, and First Shanghai Securities as joint bookrunners and capital market intermediaries [1]