ZHOU LIU FU (06168) News

Multiple gold shops in mainland China have reportedly suspended the sale of investment gold bars.

According to domestic media reports, as international gold prices continue to rise, some branded gold stores have temporarily suspended the sale of investment gold bars, replacing them with crafted gold bars. It is understood that the price difference between crafted gold bars and investment gold bars is RMB 200 to 300 per gram. Sales staff at a Chow Tai Fook store in Beijing stated that the company currently only sells crafted gold bars, with today’s (August 2) price for crafted gold products, such as gold coins and bars, quoted at RMB 1,433 per gram. Investment gold bars were previously available for sale but have now been discontinued, with expectations that they will not be reintroduced in the near term.

AASTOCKSMar 2 17:23

CMB International: Consumption momentum during the Spring Festival of 2026 met expectations, with ongoing category divergence.

During the Spring Festival of 2026, the growth in travel demonstrated resilience, aligning with market expectations, with 'long-distance travel' and 'family-oriented trips' as key themes; offline consumption growth saw a boost both month-over-month and year-over-year, while online consumption remained lackluster.

Zhitong FinanceFeb 26 15:35

JPMorgan forecasts gold prices to rise to USD 6,300 by the end of this year.

JPMorgan has issued a report predicting that demand from central banks and investors will ultimately drive gold prices to $6,300 per ounce by the end of this year. The bank also raised its long-term forecast for gold prices to $4,500 per ounce.

AASTOCKSFeb 25 16:08

CMB International forecasts that the U.S. will cut interest rates twice within the year and expects gold prices in the first quarter to fluctuate between $4,000 and $5,200 per ounce.

Ding Meng, Chief Economist of CITIC Bank (International), believes that the Federal Reserve will continue to lower interest rates to a neutral level. He pointed out that there is still room for rate cuts from the current range of 3.5% to 3.75% to reach the neutral rate. It is expected that there will be two more rate cuts this year. The dot plot indicates that Fed officials are becoming more cautious about the magnitude of rate cuts next year compared to this year. Ding Meng noted that since the beginning of the year, Hong Kong’s private residential market has gradually stabilized, and it is anticipated that property prices will rise moderately going forward. In December, the private residential price index increased by 0.2% month-on-month, with an accumulated rise of approximately 3.2% for the year, ending a three-year downward trend. The rental index rose by 0.1% month-on-month, with an accumulated increase of approximately 4.3% for the year.

AASTOCKSFeb 5 16:32

JPMorgan Private Bank: Gold Price Undergoing Healthy Technical Correction, Raises Year-End Target to $6,150

Tang Yuxuan, Head of Asia Macro Strategy at JPMorgan Private Bank, stated that the recent decline in gold prices represents a healthy technical correction. The previous upward movement contained a certain degree of irrationality, and this adjustment has effectively absorbed some speculative positions. Notably, gold prices have merely returned to levels seen two weeks ago, with January still recording a 13% increase. Drawing from past experience, after gold fell from $4,400 to $3,900 in October last year, it briefly consolidated before breaking upward again, recovering and surpassing the previous high by December. She continued to note that her team’s fundamental view on gold remains unchanged. The nomination of Warsh as the next Federal Reserve Chair does not alter this outlook.

AASTOCKSFeb 2 16:56

Copper prices on the London Metal Exchange are approaching USD 14,000 per tonne, hitting a record high.

Copper prices surged to a record high this morning (29th) Hong Kong time, with the three-month benchmark copper futures price on the London Metal Exchange rising to $13,965 per tonne at one point. This represents an accumulated increase of approximately 12% since the beginning of this year. Prices of other major base metals also rose, with aluminum hitting a three-year high. The depreciation of the US dollar, rising demand for physical assets, and the Trump administration's pursuit of a tougher foreign policy stance have exacerbated geopolitical tensions, driving commodity prices higher throughout the year. Spot gold is up 2.43% to $5,548.37 per troy ounce, while February gold futures rose 4.25% to $5,528.8 per troy ounce.

AASTOCKSJan 29 11:54

Powell indicated that no one in the baseline forecast predicts a rate hike as the next policy move, and he disagrees that the sharp rise in gold prices is related to the Federal Reserve's credibility.

According to comprehensive media reports, Federal Reserve Chair Jerome Powell stated at the post-interest-rate decision press conference that no one currently expects the next policy move to be a rate hike. He also noted that officials are evaluating the next steps following last year's consecutive rate cuts. Powell highlighted that December’s inflation rate likely remained significantly above the central bank’s 2% target, with core Personal Consumption Expenditures (PCE) estimated at 3%. He emphasized that the overshooting of inflation was primarily driven by tariffs rather than demand, and excluding the impact of goods tariffs, core PCE was only slightly above 2%. He anticipated that the tariff effects would peak this year before receding. Regarding the successive record highs in gold prices, Powell responded that some may argue the Fed is...

AASTOCKSJan 29 08:52

Goldman Sachs views the current gold price level as an 'uncertain' entry point, forecasting it to reach $5,400 per ounce by year-end, while silver prices are expected to remain volatile.

Goldman Sachs published a research report indicating that geopolitical tensions last week and a sharp rise in Japanese government bond yields before the weekend could drive a surge in safe-haven demand, pushing gold prices above $5,000 per ounce. Concerns are still evolving, while policy uncertainty in Japan may persist until the February 8 election, keeping safe-haven demand elevated. For technical investors, Goldman Sachs views the current gold price level as an 'uncertain' entry point. A easing of tensions might cause a temporary pullback in gold prices, but if risks escalate further, it could support consolidation or push prices higher again. In the long term, gold prices are expected to maintain an upward trend due to strong demand from emerging markets.

AASTOCKSJan 28 12:07

Morgan Stanley: Gold Price Yet to Peak, Bullish Scenario Could Reach $5,700 in the Second Half of the Year

Morgan Stanley issued a report stating that gold prices have already surpassed the firm's forecast of $4,750 per ounce for the second half of the year. However, the bank believes that gold prices have not yet peaked, primarily supported by geopolitical risks, positive signals from central banks, and ETF buying. The bank specifically raised its target price under a bullish scenario: $5,700 per ounce for the second half of the year. Silver prices are showing strong momentum, with spot premiums in the Shanghai market highlighting supply tightness. Morgan Stanley pointed out that Poland’s central bank is shifting towards targeting absolute tonnage for gold reserves rather than as a proportion of total reserves, indicating reduced sensitivity to price fluctuations. Expectations of interest rate cuts by the Federal Reserve this year should continue to support precious metals.

AASTOCKSJan 26 11:11

Trends | FILA joins the national team for the 2026 winter sports event, PGI promotes platinum jewelry consumption upgrade, Xufuji's New Year candy flower cart tours Shanghai, HOURGLASS releases thematic documentary.

As a long-term partner of the Chinese Freestyle Skiing Aerial Skills National Team, FILA has officially released the 4810 Peak Snow Shell.

lanjinger.comJan 25 19:58

BOC Securities: Washington Sacrifices Dollar Hegemony to Consolidate U.S. Hegemony; Gold Price Surge Reflects Turning Point in Global Dollar Circulation

BOC Securities believes that the "reciprocal tariff" introduced by the United States can be regarded as a policy measure to suppress the global circulation of the US dollar. This reflects the U.S. government's choice to consolidate American hegemony at the expense of the dollar's dominance when facing the "fundamental Triffin dilemma." In this sense, the "reciprocal tariff" is a landmark event signaling the decline of the global circulation of the US dollar. The weakening of the dollar and U.S. Treasury bonds, along with the rise in gold prices following the policy's introduction, are manifestations of a turning point in the global circulation of the dollar. Since the 1980s, the globalization process has led to a situation of "global imbalances" in the international economy, with the United States being the largest trade deficit country.

AASTOCKSJan 23 17:15

Gold jewelry stocks generally performed well, with Lao Pu (06181.HK) rising nearly 7%. Luk Fook (00590.HK) hit a seven-and-a-half-year high, while Chow Tai Fook (01929.HK) softened against the market trend.

Gold and silver prices continue to hit new highs, with spot gold approaching the $5,000 per ounce mark, currently trading at $4,944.08. February gold futures in New York are up 0.7% at $4,948.1. Spot silver also reached a new high, rising 2.6% to $98.64 per ounce, while March silver futures climbed 2.3% to $98.58. The sharp rise in gold prices has fueled market expectations for price increases in gold-priced products, benefiting some jewelry stocks. Laopu Gold (06181.HK) opened 2.4% higher this morning (23rd) and extended gains, surging 8.9% at one point during the early session to reach HK$803.5, marking a more than three-month high. It is currently trading at HK$788.5, up

AASTOCKSJan 23 11:23

Goldman Sachs has raised its year-end gold price forecast to $5,400 per ounce.

Goldman Sachs has raised its year-end gold price forecast from $4,900 per ounce to $5,400, citing strengthening demand from private investors and central banks. Goldman Sachs expects central banks to purchase 60 tons of gold per month this year. Additionally, as the Federal Reserve cuts interest rates, the scale of gold purchases by ETFs is also expected to increase, as central banks have begun competing with private investors for limited gold reserves through traditional ETF purchasing methods.

AASTOCKSJan 22 12:06

Francis Cheah allocates a quarter of his assets to gold and recommends a "622" investment portfolio.

Bloomberg reported, citing sources familiar with the matter, that Value Partners Group (00806.HK) founder Cheah Cheng Hye, through his family office managing his personal assets worth USD 14 billion, has allocated approximately one-quarter of its assets to gold, an increase of 10 percentage points from a year ago. In an interview with Bloomberg, Cheah Cheng Hye recommended that investors build a "60-20-20" portfolio, consisting of 60% equities, 20% bonds, and 20% precious metals, primarily gold. He also expressed optimism about silver, noting that silver prices have risen approximately threefold over the past year, far outpacing the increase in gold prices. Cheah Cheng Hye further pointed out that the world is entering a new era of significant changes.

AASTOCKSJan 19 16:46

Zhitong HK Stock Investment Diary | January 13

Hong Kong Stock Investment Diary | January 13, 2026

Zhitong FinanceJan 13 00:00

Abnormal Fluctuation Statistics of Stock Connect HK | December 31

Zhitong HK Stock Connect Proportion Anomaly Statistics | December 30, 2025

Zhitong FinanceDec 31, 2025 08:36

H-share Market Movement | Zhou Liu Fu (06168) surged over 4% intraday after the company announced its proposal to authorize the repurchase of up to 10% of its issued H-shares.

Zhou Liu Fu (06168) rose over 4% during the trading session. As of press time, it was up 3.77%, trading at HKD 26.4 with a turnover of HKD 93.7657 million.

Zhitong FinanceDec 30, 2025 15:53

Hong Kong Stock Movement: Zhou Liu Fu fell over 7% today after lifting the trading ban, hitting a new low since its listing.

Gelonghui December 29th | Zhou Liu Fu (6168.HK) once fell nearly 12% during today's trading session, reaching HK$24.26, hitting a new low since its listing; it finally closed down 7.49% at HK$25.44, marking a new closing low since its listing, with a total daily turnover of HK$221 million. In terms of news, due to the holiday market closure, the lock-up period for Zhou Liu Fu was postponed until today. It is reported that 23,891,700 shares of Zhou Liu Fu were unlocked today, accounting for 5.52% of the issued shares.

Gelonghui FinanceDec 29, 2025 16:28

Zhou Liu Fu Jewellery Seeks Shareholder Mandate to Repurchase Up to 10% of H Shares

TipRanksDec 24, 2025 18:10

As gold prices rise, are stores expanding? Chow Tai Fook and others are eyeing high-end business, no longer wanting to focus solely on gold sales.

Since the beginning of this year, multiple brands, including Chow Tai Fook, Chow Sang Sang, and Lao Feng Xiang, have been 'proactively streamlining'—closing underperforming franchised stores while increasing investment in experiential outlets.

lanjinger.comDec 24, 2025 13:32