CHIFENG GOLD (06693) saw its stock price soar by 5% in intraday trading, following reports of a significant increase in its Stock Connect shareholding ratio. This surge comes as investors show renewed interest in the gold mining company through the mainland-Hong Kong stock connect program.

According to recent data, CHIFENG GOLD recorded the second-largest increase in Stock Connect shareholding ratios, rising by 0.66% to reach a total of 47.55%. This substantial increase in mainland investors' holdings suggests growing confidence in the company's prospects and may be driving the current stock price rally.

The increased interest from Stock Connect investors could be attributed to various factors, including potential positive outlook for gold prices, company-specific developments, or broader market trends favoring the mining sector. As CHIFENG GOLD continues to attract attention from mainland investors, market analysts will be closely watching for any further developments that might sustain this upward momentum.