Chen Haolian: The Golden Central Clearing System aims to be operational within the year, and the Hong Kong Stock Exchange will relaunch gold futures trading in the coming months.

According to the Wise Financial APP, on May 4th, the Financial Secretary of Hong Kong, Paul Chan, mentioned in his opening remarks at the Legislative Council's financial affairs committee meeting about promoting the development of the gold and commodity market, that Hong Kong is actively promoting the development of the gold market from various aspects, including increasing gold storage capacity, building financial infrastructure, and enhancing gold supply. With this experience as a starting point, they will gradually promote the development of other commodity markets and establish a comprehensive trading ecosystem. The Hong Kong Precious Metals Central Clearing System Limited is actively preparing for the establishment of the gold central clearing system. Its board of directors includes financial regulatory authorities and representatives from over 10 major banks participating in the international gold market, gathering market opinions and jointly developing the architecture and rules of the clearing system, with the goal of launching the clearing system for trial operations within this year.