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China National Gold Group

China National Gold Group
The latest news and top stories on China National Gold Group (CNGG). A leading entity in the mining sector, Beijing-based China National Gold Group is a central state-owned enterprise specialising in the exploration mining processing and refining of gold copper silver and molybdenum. It primarily serves the Chinese market with extensive retail operations and also engages in international trade. Known as China’s largest gold producer and the only Chinese member of the World Gold Council, its overall business focus is on securing strategic mineral resources increasing exploration and becoming a world-class mining company.
A pure gold decorative fan ornament at the Jewellery & Gem World Hong Kong fair at Hong Kong Convention and Exhibition Centre on Wednesday. Photo: Kit Lai
World Gold Council

As China’s consumption of gold jewellery slumps 34%, sellers pivot abroad: WGC

Domestic gold jewellers are seeking to leverage advanced crafting techniques as market sees turbulence, says World Gold Council executive.

China consumption

Gold jewellery loses its lustre as Chinese switch focus to bars and coins

Gold in Hong Kong

In Focus | Hong Kong is trying again to be a gold trading hub. Will it succeed this time?

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Gold in Hong Kong

Hong Kong gold imports fall 18% in July as mainland giants rush to build vaults

While monthly shipments cool from record highs, banks and logistics giants are racing to secure physical space for the city’s rising bullion trade.

Hong Kong recently launched a trial of a centralised gold clearing and settlement system, part of broader efforts to strengthen its bullion ecosystem. Photo: Shutterstock
Gold in Hong Kong

HKEX gold futures smash delivery record as US sanctions reshape trade

The milestone more than doubles the previous peak recorded in 2018.

China manufacturing

China steps up challenge to US, Japan in a strategic aerospace material

New production lines highlight Beijing’s push to strengthen self-sufficiency in a cutting-edge material used across aerospace and advanced industries.

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Hong Kong economy

Make use of Hong Kong’s advantages, John Lee urges Kazakhstan leaders, companies

Lee meets President Kassym-Jomart Tokayev as delegation seals wide range of partnership deals on first day of Central Asia trip.

John Lee (left) meets the president of Kazakhstan, Kassym-Jomart Tokayev, on the first day of his trip. Photo: ISD
John Lee and Kassym-Jomart Tokayev discussed strengthening bilateral ties. Photo: Handout
John Lee (third from left) visit AIFC in Kazakhstan. Photo: Handout
China’s private sector

‘Explosive’: why China’s gold recycling industry is growing at record speed

More than half of the country’s gold recycling firms are less than three years old.

Science

China beats US, Japan in carbon-fibre arms race with world’s first T1200 factory

‘Black gold’ fibre deemed transformative for energy and military purposes, EV innovations, medical devices and low-altitude economy.

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Banking & finance

China’s new golden rule: dig deeper mines, boost reserves and hedge global risks

China Gold Association vows tech breakthroughs in deep mining and nanogold, and a state-owned miner seeks a fourfold increase in gold output from mineral deposits.

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China’s gold insiders have vowed major industry advancements over the coming five years. Photo: Shutterstock
China trade

New expansion rules: Chinese firms seeking salvation abroad urged to ‘go local’

Industry stalwarts such as Gree stress cultural integration and warn against exporting insular enclaves – in other words, leave the personal chef behind.

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Many Chinese enterprises face a climate of rising geopolitical risks, and these affect how they do business abroad. Photo: Xinhua
China consumption

Horse power: brands in China seek sales boost with Lunar New Year items

Distiller Kweichow Moutai among the companies launching limited-run Year of the Horse products to jolt revenues during the festive season.

Central Asia

Opinion | In race for Central Asia’s rare earths, China is leaving US in the dust

Washington’s overtures to the region may only go so far – geographical proximity and capacity for critical mineral processing are advantages the US does not enjoy.

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Accidents and disasters in China

Questions grow as China mourns 6 engineering students lost in mine accident

Details emerge of the hours-long rescue effort while state media and the online public demand a full investigation and accountability.

A protective panel over an industrial flotation tank is believed to have given way moments before six engineering students fell to their deaths in China’s Inner Mongolia autonomous region. Photo: Handout
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