Chifeng Jilong Gold Mining’s A shares outperformed the mainland market today amid news that the gold miner has started pre-roadshows for its listing in Hong Kong.

Chifeng’s shares in Shanghai were up by 1.29 percent to 19.56 yuan (HK$20.89) apiece, versus the Shanghai Composite Index’s fall of 0.9 percent.

It comes after the reports that the largest private gold miner in China is pre-marketing its listing in Hong Kong, according to IFR. The company is said to be looking at raising US$400 million (HK$3.1 billion) to US$500 million from the listing.

Chifeng passed its listing hearing on February 17.