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Joseph Chan: Gold Central Clearing System Targets Trial Run Within Yr; HKEX to Resume Gold Futures Trading in Coming Mths
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The Hong Kong government is actively advancing the development of the gold market on multiple fronts, including increasing gold storage capacity, building financial infrastructure, and enhancing gold supply, Joseph Chan, Under Secretary for Financial Services and the Treasury, said. Leveraging this experience as a starting point, the authorities will gradually promote the development of other commodity markets and establish a comprehensive trading ecosystem. Meanwhile, Hong Kong will also establish a central clearing system for gold. Hong Kong Precious Metals Central Clearing Company Limited, wholly owned by the government, is actively preparing for the clearing system, with a target to commence trial operations within this year. HKEX (00388.HK) is preparing to resume gold futures trading in the coming months. Moreover, HKEX will further optimize contract design and enhance the settlement mechanism on this basis, with details to be announced in due course. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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