Gold Miner Shanjin Is Said to Pick Banks for Hong Kong Listing

Shanjin International Gold Co. has picked banks for a Hong Kong listing, according to people familiar with the matter, as the Chinese miner seeks to take advantage of high bullion prices.

The unit of state-backed Shandong Gold Mining Co. is working with Citic Securities Co., China International Capital Corp. and UBS Group AG on the planned share sale, the people said, asking not to be identified because the information isn’t public.

Deliberations over details such as the size and timing of the listing are ongoing, the people said.

Shandong Gold said in a Thursday statement to the Hong Kong ...