Paul Chan: Hong Kong is stepping up efforts to establish a Gold Central Clearing System, aiming to conduct a trial run within the year
BlockBeats News, January 18th, Financial Secretary of Hong Kong, Paul Chan Mo-po, published a blog post titled "Seizing Development Opportunities in a Complex International Environment," in which he pointed out: The role of gold as a central bank reserve, investment product, and risk hedging tool has been further strengthened. The price of gold has cumulatively risen by over 60% in 2025, marking the largest increase since 1979. By the third quarter of last year, the total global gold demand value saw a 44% year-on-year increase to reach $146 billion. The Hong Kong gold spot trading market has become significantly more active, with the average daily trading volume on the Hong Kong Gold Exchange rising by over two times year-on-year as of November last year, reaching HK$2.9 billion. Hong Kong is actively promoting the establishment of a gold central clearing system as a critical financial infrastructure to enhance the reliability and efficiency of gold trading and physical delivery in Hong Kong, reduce transaction costs, and increase liquidity. The goal is to launch a pilot run this year and invite the Shanghai Gold Exchange to participate.
You may also like

Gold Price Prediction: Current Trends and Future Outlook for January 28, 2026
Key Takeaways Gold and silver prices play a significant role in the global economy, reflecting both market trends…

Can the Gold Price Rise to $6,000?
Key Takeaways Gold prices in 2026 have experienced dramatic surges, reaching unprecedented levels in just the first month…

What is the Next Milestone for Gold Prices and Will It Reach $6,000 by Year End?
Key Takeaways: Gold prices recently crossed the $5,000 per ounce mark, spurring predictions of further increases amidst global…

Hong Kong Enhances Gold Market Access Through Hang Seng Gold ETF and Tokenized Units
Key Takeaways: The Hang Seng Gold ETF offers Hong Kong investors direct access to gold by launching a…

VanEck Q1 Market Outlook: Long-Term Bullish on Cryptocurrency, Strong Gold Demand

Matrixdock releases latest semi-annual physical gold audit report, strengthening physical gold transparency practices

Tether Freezes $182 Million in Assets in a Day: Is USDT Still a Neutral Coin?
Key Takeaways Tether recently froze $182 million in USDT across five wallets on the Tron blockchain, raising questions…

Tether Freezes $182 Million in Assets in One Day, Is USDT Still a Neutral Coin?

2026 Top Transaction Themes: Trump's Sore-Loser Attitude, the End of the International Order

Stores of Value: Gold and Silver Once Again Lead Global Asset Charts
Key Takeaways: Gold and silver have retaken their positions as the top assets by market capitalization, highlighting their…

Key Market Information Discrepancy on January 4th - A Must Read! | Alpha Morning Report

Matrixdock 2025: The Practical Path to Sovereign-Grade RWA of Gold Tokenization

2 Days 20x, How Big Can the Legendary Golden Dog Snowball's "Auto-Compound" Snowball Grow?

Twitter 上的「虚假流量」是指通过操纵关注者数量、喜欢和转发等指标来人为增加一条推文的影响力和可信度。下面是一些常见的制造虚假流量的方法: 1. <b>购买关注者:</b> 一些用户会通过购买关注者来迅速增加他们的关注者数量,从而让他们的账号看起来更受欢迎。 2. <b>使用机器人账号:</b> 制造虚假流量的另一种常见方法是使用机器人账号自动执行喜欢、转发和评论等互动操作,从而提高一条推文的互动量。 3. <b>推文交换:</b> 一些用户之间会进行推文交换,即互相喜欢、转发对方的推文...

WEEX has completed a $2 million WXT buyback to reward users for their support of "Liquidity Mining."

JPMorgan Chase Goes Against Wall Street: Hoarding Silver, Cornering Gold, Shorting the US Dollar Credit

Matrixdock Boards SBMA's *Crucible*, Tokenized Gold Transparency Mechanism Enters Precious Metals Industry Discourse Perspective

Maximum Reward of 30% + $2M Buyback, WEEX Contract Mining Now Available
Gold Price Prediction: Current Trends and Future Outlook for January 28, 2026
Key Takeaways Gold and silver prices play a significant role in the global economy, reflecting both market trends…
Can the Gold Price Rise to $6,000?
Key Takeaways Gold prices in 2026 have experienced dramatic surges, reaching unprecedented levels in just the first month…
What is the Next Milestone for Gold Prices and Will It Reach $6,000 by Year End?
Key Takeaways: Gold prices recently crossed the $5,000 per ounce mark, spurring predictions of further increases amidst global…
Hong Kong Enhances Gold Market Access Through Hang Seng Gold ETF and Tokenized Units
Key Takeaways: The Hang Seng Gold ETF offers Hong Kong investors direct access to gold by launching a…