Since 2025, the Hong Kong IPO market has remained hot, with star companies in sectors like biopharmaceuticals, technology, and consumer goods continuously going public. Meanwhile, the path to listing for some resource-based companies has also accelerated significantly. Numerous companies in sectors ranging from gold and nonferrous metals to energy and minerals have initiated or already completed the Hong Kong IPO process. Reporters have found that since 2025, three resource-based companies have listed on the Hong Kong stock market, with several more awaiting hearings. On September 19th, Zijin Gold International also launched its IPO, with an expected official listing in Hong Kong on September 29th. This will be the second-largest IPO of the year, second only to CATL.