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.Related News JPM: HKEX (00388.HK) 1Q26 Net Profit +27% YoY Beats; Rated OverweightHKEX (00388.HK) 0.000 (0.000%) Short selling $111.17M; Ratio 9.937% 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.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-04 16:25.)
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