The Shanghai Gold Exchange has designated warehouses in Hong Kong International and has launched gold trading contracts for delivery in Hong Kong.

The Shanghai Gold Exchange announced that in order to implement the "Action Plan for Further Enhancing Cross-border Financial Service Facilitation in Shanghai International Financial Center," it officially launched the designated warehouse for the international board in Hong Kong on June 26, and started trading gold contracts for delivery in Hong Kong. On the first day, multiple domestic and foreign institutions successfully completed transactions. Hong Kong Financial Secretary Paul Chan stated that the establishment of the first international board designated delivery warehouse in Hong Kong by the Shanghai Gold Exchange provides international investors with the option to settle gold transactions overseas. This is a crucial step in the internationalization of the national gold market, expanding the global layout of RMB-denominated gold trading and further enhancing Hong Kong's role in regional markets. Paul Chan noted that the Hong Kong government is actively promoting the development of an international gold trading center in Hong Kong to explore new growth points in financial services, and to consolidate and enhance Hong Kong's status as an international financial center. He recently visited overseas and mainland stakeholders to discuss this matter and understand their views. The establishment of the designated warehouse by the Shanghai Gold Exchange in Hong Kong will attract more international investors to participate in its transactions, increase Hong Kong's gold reserves, and promote the development of related services, providing strong momentum for Hong Kong's efforts to build an international gold trading center.