Hong Kong stocks movement | Gold stocks broadly decline as gold trading tax policy undergoes adjustment, gold prices drop in early trading

LB Select
2025.11.03 01:45

Hong Kong stock market gold stocks collectively fell at the beginning of trading, with China Gold International down over 4%, Shandong Gold, Zijin Mining, and China Silver Group down over 3%, Chifeng Gold and Zijin Gold International down 2.8%, and Zhaojin Mining, Tongguan Gold, and Lingbao Gold down over 1%.

In terms of news, spot gold fell below USD 3,970 per ounce in early Asian trading, with a decline of 0.84%. On November 1, the Ministry of Finance and the State Administration of Taxation issued a notice regarding tax policies related to gold. This notice will take effect from November 1, 2025, and will be implemented until December 31, 2027, with the applicable time based on the actual delivery and outflow of physical goods

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