HK Stock Market Move | During trading hours, ZHAOJIN MINING (01818) surged more than 5%. The discovery of the largest underwater giant gold mine in Asia in Laizhou City, Yantai City, Shandong Province.

ZHAOJIN MINING (01818) rose more than 5% during trading hours. As of the time of writing, it had risen by 5.12% to HK$30.8, with a trading volume of HK$2.49 billion. On the news front, according to the Yantai Municipal People's Government Information Office, a newly discovered giant underwater gold mine in the northern sea area of Sanshan Island in Laizhou City is the only one in China and the largest in Asia. The city has a total confirmed gold resource reserve of over 3,900 tons, accounting for approximately 26% of the national total, with both gold resource reserves and production volume ranking first in the country. It is worth mentioning that the gold industry in Yantai has recently undergone a crucial adjustment. The Shanghai Market Supervision and Administration Bureau announced the acquisition of equity in Shandong Jindu State Investment Group by Shandong Zhaojin Group. If the acquisition is completed, Zhaojin Group is expected to surpass China National Gold Group Gold Jewellery in terms of revenue scale. Records show that Zhaojin Group was established in June 1992 in Zhaoyuan City, Yantai City, Shandong Province, and ZHAOJIN MINING is the core enterprise under Zhaojin Group.