Changes in Hong Kong stocks | Wanguo Gold Group (03939) rose more than 7% in the afternoon, gold was fully priced, interest rate pressure was on, and the Jinling mine expansion project progressed steadily

The Zhitong Finance App learned that Wanguo Gold Group (03939) rose more than 7% in the afternoon. As of press release, it rose 6.31% to HK$15.67, with a turnover of HK$333 million.

According to the news, the Federal Reserve will announce the interest rate decision for the September interest rate meeting. The market's expectations for a 25 basis point rate hike have almost all been factored in. However, in a context where the market is highly betting on the Fed's interest rate hike, there has been no more drastic adjustment in gold. Guojin Securities pointed out that interest rate hikes and high real interest rate pressure have been priced relatively fully, compounding allocation requirements under inflation, fiscal, and geographical risks, and judging that the gold price center is still expected to fluctuate upward.

Guoxin Securities, on the other hand, indicated that the Jinling Mine held a commencement ceremony to expand production by 10 million tons/year (total scale: 13.5 million tons/year) on August 13, 2025. Currently, construction of the main equipment foundation, power supply facilities and supporting projects for the expansion project is progressing simultaneously, and the overall progress is in line with expectations. The bank said that it is expected that the Jinling mine project to expand production by 10 million tons/year is expected to be gradually completed and put into operation in 2027, and gold production will increase dramatically at that time.