China's top private gold miner lists in Hong Kong to fuel global growth

Chifeng Gold shares start flat amid weak economy despite sky-high metal price

20250310 Chifeng Gold listing

Executives of Chinese private gold miner Chifeng Jilong Gold Mining attend a listing ceremony at the Hong Kong Exchange on March 10. (Photo by Peggy Ye)

PEGGY YE

HONG KONG -- Chifeng Jilong Gold Mining, China's largest private gold producer, made a flat debut on Hong Kong's stock exchange on Monday, with the country's weak economic outlook clouding optimism over record bullion prices.

The stock opened at HK$13.72, on par with the offer price, which was set at the lower end of the pricing range. The shares slipped more than 1% at one point, but ultimately closed their first day of Hong Kong trading where they started.

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