Core Insights - The Shanghai Gold Exchange held a mid-year work meeting for 2025, summarizing its progress and outlining plans for the second half of the year [1] Group 1: Market Performance - The market operated smoothly with key performance indicators showing positive trends, with a total transaction volume of 29.05 trillion yuan from January to July 2025, representing a year-on-year increase of 49.24% [2] Group 2: Strategic Initiatives - The exchange actively supports national strategic goals, contributing to the reform and development of the gold market, and enhancing its role in financial high-quality development and the construction of Shanghai as an international financial center [2] - The exchange has implemented measures to strengthen its service capabilities in line with the People's Bank of China's directives, ensuring market stability [2] Group 3: Market Development - Efforts to expand the breadth and depth of the gold market have led to new momentum for high-quality development, including the pilot program for insurance funds entering the market and improvements in member structure and market liquidity [2] - The exchange has made breakthroughs in international cooperation, including the establishment of a delivery warehouse in Hong Kong and the promotion of digital yuan pilot applications [2] Group 4: Risk Management - The exchange has made progress in building a comprehensive risk management system, focusing on key areas of risk prevention and enhancing information system security [2] Group 5: Governance and Compliance - The exchange is committed to improving governance and compliance, including anti-money laundering efforts and market management [2] - There is a strong emphasis on party leadership and education, with ongoing efforts to strengthen grassroots party organizations and supervisory practices [2] Group 6: Future Directions - The exchange aims to continue developing a safe and efficient gold market financial infrastructure, fostering innovation, and enhancing its ability to serve the real economy while managing risks [3]