Hong Kong Clearing Corporation held its first board meeting, Chan Maobo: the primary task is to promote the construction of the clearing system and start trial operation within the year.

On April 22, the Hong Kong Precious Metals Clearing System Limited (HKCMCS), fully owned by the Hong Kong Special Administrative Region Government, held its first board meeting and disclosed the list of board members, involving 11 banks, with 5 seats held by Chinese banks, 4 seats by foreign banks, and 2 seats by Hong Kong banks. Hong Kong Financial Secretary Paul Chan stated that the board's primary task at this stage is to push forward the development of the clearing system, with the goal of conducting a trial run within the current year. The 2025 Policy Address proposed to accelerate the establishment of an international gold trading market, including establishing the Hong Kong Gold Central Clearing System to provide efficient and reliable clearing services for international standard gold trading. The board, chaired by the Financial Secretary of Hong Kong, is responsible for supervising the development of the clearing system by HKCMCS, overseeing the company's operations, and providing strategic direction and guidance for its development. Paul Chan stated: "Board members come from the Shanghai Gold Exchange, regulatory bodies, and 11 banks, with a deep understanding of the international financial market and rich experience in the financial industry. The board's work will help Hong Kong establish a gold trading market closely aligned with international standards, promoting diversified development of the local gold trading ecosystem. The board's primary task at the current stage is to vigorously push forward the development of the clearing system, and we will continue to prepare for the goal of conducting a trial run within the current year." The 11 banks include (in no particular order): Agricultural Bank of China Limited Hong Kong Branch, Australia and New Zealand Banking Group Limited, Bank of China (Hong Kong) Limited, Bank of Communications (Hong Kong) Limited, China Construction Bank Corporation (Asia) Limited, Citigroup, Industrial and Commercial Bank of China (Asia) Limited, JPMorgan Chase, Standard Chartered Bank (Hong Kong) Limited, The Hongkong and Shanghai Banking Corporation Limited, and UBS Group.