HONG KONG -- Zijin Gold International, the overseas gold mining arm of Zijin Mining Group, one of China's largest state-owned miners, has filed for a Hong Kong listing to raise 24.9 billion Hong Kong dollars ($3.2 billion) and will spin off from its parent.
IPO
Chinese miner Zijin Gold files for Hong Kong listing to raise $3bn
Overseas arm of largest state player to be spun off from parent amid China's reserves push
China is ramping up gold purchases and overseas mining acquisitions, holding 5.5% of global reserves as of 2024. © Reuters
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