Slaughter and May, Hong Kong and Beijing, advised the joint sponsors and overall coordinators on the global offering and spin-off listing of Zijin Gold International Company Limited (“Zijin Gold International”) on the Hong Kong Stock Exchange.
The IPO of Zijin Gold International is the second largest in the world this year, raising US$3.2 billion. It is also the largest IPO by a gold mining company and the largest spin-off listing by a China-listed company to date.
Trading in Zijin Gold International’s shares commenced on the Hong Kong Stock Exchange on 30 September 2025. Morgan Stanley and CITIC Securities are acting as joint sponsors and overall coordinators in the listing.
Zijin Gold International ranked 9th globally in terms of gold reserves in 2024 and holds interests in eight gold mines across Central Asia, South America, Oceania and Africa. Its parent company, Zijin Mining, is a global leading mining company, operating over 30 large mining projects across 17 countries worldwide, covering metals such as gold, copper, lithium and zinc. Zijin Mining is listed in both Hong Kong and Shanghai.
Clara Choi, Partner at Slaughter and May, Hong Kong, commented: “We are really pleased to have been selected to advise the underwriters on the second largest IPO in the world this year. The successful launch of Zijin Gold International’s IPO is a testimony of Slaughter and May’s commitment to deliver results to our clients. The IPO also attracted investments from top-tier global investors who had not been active in Hong Kong and China for a while, and our team was excited to lead the cornerstone investment workstream. I would like to thank Zijin, Morgan Stanley and CITIC for the trust they place in us, and to our team for their unfailing dedication to excellence.”
Coleman Kam / Trainee, Tiffany Ruan / Trainee, Augustine Chan / Trainee, Warwick Chan / Trainee, Carolyn Stannard / Trainee, Thomas Wong / Trainee, Joyce Chen / Trainee