Hong Kong Gold Exchange System Company Launches, Targets Q1 Trial Operation
SingTao · 2 SOURCESabout 1 hour ago2 MIN
Summary
The Hong Kong Gold Exchange Transaction System Limited (HKGXTS) officially launched on December 18, marking a significant step in developing Hong Kong's gold trading infrastructure. The new company is a joint venture between the Hong Kong Gold Exchange (HKGX) and Gold Chain Technology Limited (TGX), combining traditional gold trading expertise with modern financial technology capabilities.
Key Points
- HKGXTS established as joint venture between Hong Kong Gold Exchange and Gold Chain Technology, with TGX formed by AGA Technology Holdings (HKEX: 8279) and Zhongxian Zhijia Holdings (HKEX: 8395)
- Technical partners include Hengsheng Electronics and Alibaba Cloud, providing core system delivery and cloud/AI capabilities respectively
- First board meeting held on December 18 with Chairman Zhang Dexi presiding; CEO Sun Hao, CTO Zhao Hao, and representatives from all partners attended
- Company targets trial operation launch in Q1 next year, initially integrating existing HKGX products, trading, clearing, and settlement services
- Long-term roadmap includes digital gold RWA development, international market connectivity, and gold tokenization services
Why It Matters
The establishment of HKGXTS aligns with the Hong Kong SAR Government's policy directive to develop the city into an international gold trading center . By combining physical gold delivery capabilities with Web3 and AI technologies, the platform could transform traditional gold trading into a more efficient, accessible, and diversified asset class, potentially attracting both institutional investors and retail participants to Hong Kong's gold market.
The establishment of HKGXTS aligns with the Hong Kong SAR Government's policy directive to develop the city into an international gold trading center . By combining physical gold delivery capabilities with Web3 and AI technologies, the platform could transform traditional gold trading into a more efficient, accessible, and diversified asset class, potentially attracting both institutional investors and retail participants to Hong Kong's gold market.