HK Stock Market Move | ZHAOJIN MINING (01818) rose nearly 9% during trading as the global central bank's gold buying trend continues. The future contribution of offshore gold mines is promising.

ZHAOJIN MINING (01818) rose by nearly 9% in intraday trading and, as of the time of writing, rose by 6.21% to HK$20.18 with a trading volume of 3.51 billion Hong Kong dollars. On the news front, the European Central Bank released a report in early June stating that by the end of 2025, gold's share in the total global official reserves had risen to 27%, surpassing US Treasury bonds by 5 percentage points, making it the largest single asset category in global official reserves. Citigroup recently raised its target price for ZHAOJIN MINING to HK$41.4, maintaining a "buy" rating, mainly based on expectations of a rise in gold prices in 2026-27. Founder previously released a research report stating that the Haiyu gold mine is one of China's largest single gold mines, with ZHAOJIN MINING holding a 70% stake. By 2025, the Haiyu gold mine had efficient underground TBM excavation, successful water testing in the ore processing system, and had begun industrial-scale production. Once the project is fully operational, it is expected to produce approximately 15-20 tons of gold annually, providing the company with a significant increase in gold production.