Hong Kong Launches Trial Operation of Gold Central Clearing and Settlement System Today

Hong Kong's Financial Services and the Treasury Bureau announced today (July 7) the formal launch of trial operation for the Hong Kong Gold Central Clearing and Settlement System, accompanied by a series of supporting measures to establish a modernized gold trading ecosystem. Key measures include a gold trading linkage with Shanghai Gold Exchange (physical exchange in first phase), introduction of a new "HAU" price code, expanded storage capacity and enhanced refining capacity, enriched gold investment products, and tax incentive research. Financial Secretary Paul Chan stated the initiative aligns with China's 15th Five-Year Plan, which explicitly supports Hong Kong in building a commodities trading ecosystem.
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