RPT-HK Hot Stocks: Zijin soars, Sinopec drops

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HONG KONG, April 7 (Reuters) - Here are some stocks on the move in Hong Kong on Monday.

As of 0242 GMT, the blue chip Hang Seng Index .HSI had edged up 0.30 percent, but profit-taking pressure and renewed fears about a U.S. recession loomed, after the biggest monthly fall in jobs there in five years.

The China Enterprises Index of Hong Kong-listed mainland companies .HSCE, or H shares, was up 0.18 percent.

STOCKS ON THE MOVE:

* Shares in Zijin Mining Group (2899.HK: Quote, Profile, Research, Stock Buzz), China's second-largest gold miner, soared more than 8 percent to HK$7.76. The firm said on Monday it was launching a Shanghai initial public offer of shares that could raise roughly $1.4 billion.

The company also plans to issue as many as 1.5 billion new local currency A shares, or 10.2 percent of its enlarged share capital, to raise funds for expansion projects that mainly involve mining and processing of gold and copper. [ID:nSHA6887]

* China's second largest life-insurer, Ping An Insurance (2318.HK: Quote, Profile, Research, Stock Buzz)(601318.SS: Quote, Profile, Research, Stock Buzz), climbed nearly 2 percent to HK$64.30. The firm has set up a 20 billion yuan ($2.85 billion) private equity unit to invest in pre-initial public offering financing deals, the South China Morning Post reported on Saturday.

The news comes after Ping An, China's No. 2 life insurer, finalised a deal to set up a global asset management partnership with Belgian-Dutch financial group Fortis (FOR.BR: Quote, Profile, Research, Stock Buzz)(FOR.AS: Quote, Profile, Research, Stock Buzz) [ID:nPEK44868].