One-stop gold trading service to bolster HK, Macao financial markets

The Hong Kong Gold Exchange has signed a Memorandum of Understanding with Ant Bank (Macau) Limited to build a one-stop gold trading service system, aiming to promote the coordinated development and deeper connectivity between the financial markets of Hong Kong and Macao special administrative regions.

On July 18, HKGX hosted its first Board of Directors Inauguration & CGSE 115th Anniversary Gala Dinner, during which Ant Bank (Macau) formally signed an MOU with the Exchange to establish the strategic partnership, leveraging their respective strengths.

It has been learned that the Hong Kong Gold Exchange, as the city's sole physical gold and silver exchange with its predecessor being the "Chinese Gold and Silver Exchange", boasts over a century of industry heritage and maintains a rigorous regulatory framework, positioning itself as a key global player in gold trading.

Meanwhile, Ant Bank (Macau), guided by its mission of "empowering inclusive finance through technology", has established extensive digital financial services for Macao residents, as well as small and medium-sized enterprises (SMEs), building a substantial user base and mature digital service capabilities.

According to the MOU, both parties will jointly develop a one-stop gold trading service that integrates online and offline channels, creating an innovative trading experience for users. Compared to traditional gold trading models, this service will significantly lower the investment threshold for gold, enhance trading flexibility, and simplify physical gold redemption — ultimately promoting greater accessibility and mass adoption of gold investment and savings.

Wang Lan, president of Ant Bank (Macau), stressed, "The Hong Kong Gold Exchange represents a century-tested industry leader, while Ant Bank (Macau) stands as an innovative pioneer in the fintech revolution. This collaboration marks a strategic opportunity for us to jointly democratize physical gold trading services and progressively develop a more open and diversified gold financial ecosystem."

Brian Fung, chief executive officer of Hong Kong Gold Exchange, remarked, "The digital transformation wave is creating unprecedented opportunities for traditional gold trading. Ant Bank (Macau)'s innovative digital finance capabilities have opened new avenues for us to serve broader customer segments. We look forward to jointly exploring more precious metals digital service scenarios, injecting new vitality into the industry, and co-building a more efficient and inclusive precious metals trading ecosystem."

Please contact the writer at yinmingyue@chinadaily.com.cn