Zijin Gold International (02259.HK) Hot Stock Analysis: Listing Performance and Market Drivers

Zijin Gold International (02259.HK) was listed on the main board of the Hong Kong Exchanges and Clearing Limited on September 30, 2025, with an opening gain of 55.8% on its first day [0]. The IPO attracted over 98,400 investors, with a subscription amount of HK$267.8 billion, and Morgan Stanley acted as the underwriter [0]. As a subsidiary of Zijin Mining Group (2899.HK), it focuses on the gold trading business and benefits from the parent company’s stable financial status [5].
The stock became a 2025 Hong Kong hot stock, mainly driven by factors including: rising gold prices and heating inflation expectations, passive capital inflows brought by inclusion in the MSCI China Index, and the precious metals sector becoming a market hotspot due to rotation [0].

1. Cross-domain Correlation
   : Global trends in gold prices directly affect the company’s performance, while the parent company Zijin Mining’s industry position provides it with resource and capital support [0,5].
2. MSCI Inclusion Effect
   : Passive capital inflows brought by index inclusion enhance stock liquidity and increase market attention [0].
3. Sector Rotation Opportunity
   : The precious metals sector became a market rotation hotspot in 2025, further boosting the stock’s performance [0].

• Gold price volatility may lead to unstable performance [0];
• Market style shifts may reduce allocation to the precious metals sector [0].

• Against the backdrop of global economic uncertainty, gold demand is expected to remain strong, supporting the company’s business [0];
• The parent company Zijin Mining’s expansion plans may bring synergies to the subsidiary [5].

Zijin Gold International (02259.HK) has shown strong performance since its listing, benefiting from multiple favorable factors. Investors need to pay attention to gold price trends, MSCI-related dynamics, and the parent company Zijin Mining’s strategic moves to evaluate the stock’s future performance [0,5].