Laopu, whose name means “Old Gold Shop,” is a relatively recent industry entrant, founded in 2009 by Xu Gaoming.

FAST NEWS: Laopu Gold surges on trading debut

The Latest: Gold product designer, manufacturer and seller Laopu Gold Co. Ltd. (6181.HK) opened at HK$64.5 in their Friday trading debut, 59.3% higher than their IPO price of HK$40.50, with…