February 3, 2025, the sixth day of the Lunar New Year — The First Spring Trading Ceremony of the Hong Kong Gold Exchange (HKGX)

The event was officiated by Mr. Joseph Chan, Acting Secretary for Financial Services and the Treasury. On site, a gold bar weighing approximately 200 kilograms and valued at over HK$130 million was showcased. Among the highlights was a kilo gold bar from First Gold, prominently displayed on stage, symbolizing the company’s significant position in Hong Kong’s gold market and drawing the attention of many industry professionals.

With a history of over 115 years, the Chinese Gold and Silver Exchange Society has been renamed the Hong Kong Gold Exchange. As of January 1 this year, HKGX has officially taken over the spot trading operations of gold and silver. Mr. Haywood Cheung, Chairman of the Hong Kong Gold Exchange, stated that the establishment of the Exchange further enhances operational transparency and corporate governance while also expanding international membership.

With the launch of the Hong Kong Gold Exchange, the market’s transparency and trading efficiency are significantly improved. We will continue to provide high-quality gold trading services with professionalism and integrity, and work closely with HKGX to actively promote gold settlement and related financial services, with the goal of developing Hong Kong into an international gold trading hub.