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Cheng Maobo: As of November last year, the daily average transaction volume of the Hong Kong Gold Exchange was 2.9 billion HKD. The Gold Central Settlement System plans to conduct trial operations within the year.
Deep Tide TechFlow News, January 18 — Hong Kong Financial Secretary Paul Chan Mo-po released a column titled “Seizing Development Opportunities Amid Complex International Situations,” which pointed out that gold’s role as a central bank reserve, investment product, and risk hedging tool has been further strengthened. Gold prices have accumulated a rise of over 60% by 2025, the largest increase since 1979. As of the third quarter last year, global gold demand value increased by 44% year-on-year to $146 billion. The Hong Kong gold spot trading market has become noticeably more active. By November last year, the average daily trading volume of the Hong Kong Gold Exchange’s 999 Gold more than doubled year-on-year to HKD 2.9 billion.
Hong Kong is accelerating the establishment of a central gold settlement system as an important financial infrastructure to enhance the reliability and efficiency of Hong Kong’s gold trading and physical delivery, reduce transaction costs, and increase liquidity. The goal is to initiate a trial run within this year and invite the Shanghai Gold Exchange to participate.