China’s Zijin Mining Is Said to Pick Banks for Gold Unit’s Hong Kong Listing

China’s Zijin Mining Group Co. has picked Citic Securities Co. and Morgan Stanley for the Hong Kong initial public offering of its overseas gold business as it seeks to take advantage of record bullion prices, according to people familiar with the matter.

Details such as the size and timing of Zijin Gold International Co.’s IPO are under consideration, the people said, asking not to be identified because the information isn’t public.