智通财经APP获悉，香港财经事务及库务局副局长陈浩濂在香港黄金交易所马年新春开市仪式时表示， 为进一步多元发展香港国际金融业务，正全力推动香港成为国际黄金交易中心，吸引黄金现货在香港储 存、清算和交割，带动投资交易衍生产品、仓储、保险、贸易和物流等产业链。政府将继续推动政策优 化、金融基建和科技创新，吸引更多国际资金和人才来港，进一步强化香港作为超级联系人和超级增值 人角色，主动对接十五五规划融入和服务国家发展大局，巩固和提升香港作为国际金融中心的地位。 陈浩濂称，目标3年内黄金仓储超越2000吨，打造香港成为区域黄金储存枢纽，又积极推动金商在香港 建立或扩建精炼厂，并已与深圳地方金融管理局签署合作备忘录，依法依规支持香港金商，通过加工贸 易合作方式，采用在深圳设立的黄金精炼设施，精炼黄金后出口至香港作交易和交割用途，亦将会大力 策动沪港黄金市场合作。由政府全资拥有的香港黄金清算系统目标在今年内开展试营运。 ...

XIAMEN, China, Feb. 19, 2026 (GLOBE NEWSWIRE) -- The annual growth rate of the price of gold in 2025 is known as one of the "strongest years in the history of gold" in the industry. Analysts generally believe that under the background of geopolitical tensions, the downward shift of the global interest rate center and the increasing effort from national central banks of gold purchase, gold will maintain a strong shock in 2026. Some Wall Street investment banks even raised their year-end target price to US$5, ...

他提到，去年就施政报告展开咨询时，已发现不少内地机构投资者都有参与黄金交易，除了在内地进行 买卖，亦对境外市场黄金交易有相当需求，是国际金市重要参与者。若香港成为亚太区内的黄金交易中 心，进行实物交割将更为便利内地投资者。 智通财经APP获悉，香港特区行政长官李家超认为拓展黄金交易中心将是机遇所在，香港作为国际金融 中心，必须要多元化发展。李家超接受专访时指出，目前香港股票市场已发展得相当成功，随着环球政 治环境愈趋复杂，具避险性质的黄金资产正受到投资界青睐。 他又说，目前香港黄金交易市场仍采取会员制，投资、买卖的参与者较受限制，将来要做到像股票交易 一样方便，各地投资者都可以参与，当中涉及建立一套高效、可信赖的结算系统。他又指，香港要建立 本身的黄金仓储，以3年超越2000吨为目标，以配合未来香港黄金交易结算系统建设。 李家超相信，若香港能够成为黄金交易中心，更多交易、结算，以至实物交割都在香港进行，将为香港 带来庞大的乘数效应，除了推动金融产品发展，亦为专业服务创造更多机会，认为是多赢的政策。他又 说，投资市场中有人看好，亦有人看淡，精明投资者会押注正确的股票，有些人则会误判形势，部分负 面评论背后或出于 ...

记者丨黄子潇 编辑丨孙超逸 针对近期黄金非法活动的抬头趋势，深圳将施以更严格的监管措施。 2月13日，深圳十部门发布关于进一步规范黄金市场经营行为的公开提示， 分别从企业、个人、金融机构及非银行支付机构三个层面划定了共 计10条"红线"，其中企业6条，个人2条，金融机构2条。 该提示由深圳市地方金融管理局、深圳人行、深圳金融监管局、市市监局、市证监局、市委网信办、市公安局、市商务局、市工信局、市信局 十部门联合发布，呈现出跨部门联合监管的形式。 这是时隔三个月后，深圳再次针对黄金业务发布提示。 去年11月，深圳市地方金融管理局就已发布关于警惕黄金经营领域非法金融活动的风险 提示，并列示了三个黄金经营领域非法案例。 2月12日，伦敦金全日下跌3.17%，跌破5000美元/盎司。截至13日发稿，伦敦金于4979美元/盎司附近震荡。 企业不得违规开展黄金预定价交易 该提示重点列示了六大企业黄金业务禁止性行为。 一是不得违规开展黄金预定价交易、杠杆交易、延期交易等非法黄金交易活动， 如通过微信群或小程序、APP、网站等互联网平台，以黄金回 收和预定价买卖料名义，允许客户缴纳一定金额保证金锁定一定重量黄金的价格，后随金 ...

21世纪经济报道记者 黄子潇 深圳报道 针对近期黄金非法活动的抬头趋势，深圳将施以更严格的监管措施。 2月13日，深圳十部门发布关于进一步规范黄金市场经营行为的公开提示，分别从企业、个人、金融机 构及非银行支付机构三个层面划定了共计10条"红线"，其中企业6条，个人2条，金融机构2条。 该提示由深圳市地方金融管理局、深圳人行、深圳金融监管局、市市监局、市证监局、市委网信办、市 公安局、市商务局、市工信局、市信局十部门联合发布，呈现出跨部门联合监管的形式。 这是时隔三个月后，深圳再次针对黄金业务发布提示。去年11月，深圳市地方金融管理局就已发布关于 警惕黄金经营领域非法金融活动的风险提示，并列示了三个黄金经营领域非法案例。 2月12日，伦敦金全日下跌3.17%，跌破5000美元/盎司。截至发稿，伦敦金于4976美元/盎司附近震荡。 企业不得违规开展黄金预定价交易 六是不得用非贵金属材料冒充纯金等贵重材质，严禁在商品中掺杂、掺假，以次充好，不得在标价外加 价或收取未予标明的费用。 二是不得违规开展以黄金托管、租赁、回购等为名义约定给予客户固定收益回报"保本付息"的非法集资 活动。 个人不得开发非法黄金交易软件 该 ...

来源：中新经纬 深圳市地方金融管理局等10部门13日发布《关于进一步规范黄金市场经营行为的公开提示》，全文如下： 一、企业黄金业务禁止性行为 1.不得违规开展黄金预定价交易、杠杆交易、延期交易等非法黄金交易活动，如通过微信群或小程序、APP、网站等互联网平台，以黄金回收和预定价买 卖料名义，允许客户缴纳一定金额保证金锁定一定重量黄金的价格，后随金价波动按价差结算，允许平仓离场，未实际开展黄金实物交割。 2.不得违规开展以黄金托管、租赁、回购等为名义约定给予客户固定收益回报"保本付息"的非法集资活动。 3.不得违规开展黄金委托投资等活动，如诱导消费者购买黄金实物后，不提取实物转而开展黄金委托投资等非法金融活动。 4.不得利用互联网直播等渠道违规宣传、开展黄金产品销售业务，不得通过各类软件、APP及小程序开展非法黄金交易活动，不得开发、兜售非法黄金交 易软件、APP或小程序，不得为非法黄金交易软件、APP或小程序提供信息服务和技术支持。 5.不得冒用"上海黄金交易所会员"身份，或对商品销售状况等进行虚假或引人误解的商业宣传，欺骗、误导消费者或其他经营者；严禁使用"黄金会大 涨""买金赚大钱"等绝对化用语，不得夸大 ...

Core Viewpoint - The establishment of a central clearing system for gold in Hong Kong is set to enhance its position as an international financial center and improve the efficiency and security of gold transactions, addressing long-standing market bottlenecks [2][4][6]. Group 1: Market Context - Gold prices have reached historical highs, with spot prices hitting $5,598 per ounce on January 29, 2026, and domestic prices in Shanghai rising to 1,243.40 yuan per gram [2]. - The global geopolitical climate, increased central bank gold purchases, and the acceleration of the internationalization of the renminbi are driving factors behind the rising gold prices [2][4]. - In 2025, global central banks purchased a net total of 634 tons of gold, with expectations for total purchases to reach between 750 tons and 900 tons for the year [5][6]. Group 2: Central Clearing System - Hong Kong has lacked a unified central clearing mechanism for gold trading, relying on a bilateral clearing model that has led to high costs and risks [4][5]. - The new central clearing system aims to integrate clearing, storage, and trading, enhancing operational efficiency and reducing transaction costs [8][9]. - The system is designed to facilitate cooperation between Hong Kong and the Shanghai Gold Exchange, allowing for efficient connections between renminbi-denominated gold products [6][10]. Group 3: Infrastructure and Governance - The Hong Kong government has established a wholly-owned company to govern the central clearing system, ensuring collaboration between government, financial regulators, and major banks [6][8]. - The system will enhance the safety and public nature of gold transactions while integrating with existing market institutions [9][10]. - Plans are in place to increase gold storage capacity at Hong Kong International Airport to over 2,000 tons within three years [8]. Group 4: Product Innovation - The central clearing system will support the diversification of gold financial products, including traditional ETFs and digital innovations [13][14]. - The launch of the Hang Seng Gold ETF, which allows for physical gold redemption, marks a significant step in product innovation within the Hong Kong market [14]. - The development of tokenized gold products is being explored, with a focus on establishing a regulatory framework to ensure asset security and integrity [15]. Group 5: Regional Cooperation - The collaboration between Hong Kong and Shenzhen in gold refining and trading is expected to enhance Hong Kong's capabilities and attract more international gold enterprises [16][17]. - The integration of the central clearing system with the Shanghai Gold Exchange's offshore delivery warehouse will facilitate a dual-currency pricing system for gold [17][18]. - The establishment of a "Shanghai-Hong Kong dual hub" is anticipated to strengthen China's influence in the global gold market [10][11].

Core Viewpoint - The establishment of a central clearing system for gold in Hong Kong is expected to enhance its position as an international financial center and improve the efficiency and safety of gold transactions, addressing long-standing market bottlenecks [1][5][14]. Group 1: Market Context and Growth - Gold prices have surged, reaching a historical high of $5,598 per ounce on January 29, 2026, with an approximate 18% increase since the beginning of the year [1]. - Hong Kong's gold trading market has seen significant growth, with daily trading volume reaching HKD 2.9 billion in November 2025, more than doubling year-on-year [2]. - The global demand for gold is rising, with central banks reportedly purchasing between 750 to 900 tons of gold in 2025, reflecting gold's status as a key reserve asset [3][14]. Group 2: Central Clearing System Development - The Hong Kong government has announced the launch of a central clearing system for gold, which aims to fill a critical gap in the market and facilitate better integration with global gold markets [1][5]. - The new system will operate under a governance structure that includes major banks and financial regulators, ensuring a collaborative approach to its implementation [6][5]. - The system will integrate clearing, storage, and trading, enhancing operational efficiency and reducing transaction costs [7][6]. Group 3: Infrastructure and Collaboration - The Hong Kong government is investing in advanced gold storage facilities, aiming to increase capacity to over 2,000 tons within three years [7]. - The collaboration between Hong Kong and the Shanghai Gold Exchange is expected to create a dual hub for gold trading, enhancing pricing influence and resource allocation in the global market [9][13]. - The establishment of a unified clearing platform will facilitate smoother transactions between mainland China and Hong Kong, addressing current market fragmentation [3][9]. Group 4: Product Innovation and Diversification - The central clearing system will support the development of diverse gold financial products, including ETFs and tokenized gold assets, catering to both institutional and retail investors [10][11]. - The launch of the Hang Seng Gold ETF, which allows for physical gold redemption, marks a significant step in product innovation within the Hong Kong market [10]. - The integration of traditional gold products with digital financial innovations is expected to attract more international investors and enhance market liquidity [10][11]. Group 5: Strategic Implications - The establishment of the central clearing system is seen as a proactive measure by Hong Kong to align with national financial strategies and enhance its global competitiveness [14][5]. - The move towards a RMB-denominated gold market is anticipated to facilitate cross-border transactions and attract more international participation [14][9]. - The collaboration with mainland China in refining and trading gold is expected to leverage Hong Kong's unique advantages, further solidifying its role in the global gold market [12][13].

Core Viewpoint - The article highlights the rise of illegal financial activities disguised as gold investment schemes, which pose significant risks to public financial security and disrupt economic order [1][2][3]. Group 1: Illegal Activities - Various illegal cases in the gold trading sector have been identified, including schemes involving "gold entrustment," "gold leasing," and fraudulent online trading platforms [1][2]. - Case 1 involves a gold jewelry dealer enticing consumers to sign contracts for physical gold purchases, which are not collected, followed by a contract with a third party promising fixed returns [1]. - Case 2 describes a similar scheme where a dealer offers "gold leasing," leading consumers to sign contracts that promise rental returns without actual gold possession [2]. - Case 3 details a fraudulent app that promotes high-leverage gold trading, allowing investors to control significant amounts of gold with minimal initial investment, exposing them to substantial risks [2]. Group 2: Regulatory Framework - The article emphasizes that only licensed financial institutions are permitted to engage in gold asset management and related financial activities, as per China's financial regulatory framework [2][3]. - It is stated that any organization or individual must obtain permission from national financial regulatory authorities to conduct financial business, highlighting the illegitimacy of the mentioned schemes [2][3]. - The article warns the public to be vigilant against unauthorized entities claiming to offer gold investment services and encourages reporting such activities to relevant authorities [3].

Core Viewpoint - Tether aims to become one of the largest gold central banks globally, actively trading its gold reserves to capitalize on market opportunities [1][8]. Group 1: Gold Holdings and Strategy - Tether is currently purchasing one to two tons of gold per week and plans to maintain this pace for the next few months, having amassed close to 140 tons of gold stored in a secure facility in Switzerland [4][8]. - The company's gold holdings are valued at over $23.3 billion, with gold prices currently around $5,234 per troy ounce [6][8]. - Tether's gold reserves are reportedly the largest known outside of central banks, ETFs, and commercial banks, with approximately 130 metric tons eligible for physical delivery redemption [5]. Group 2: Market Position and Expansion - Tether is preparing to enter the gold trading market, aiming to compete with major banking institutions like JPMorgan and HSBC [7][11]. - The company has recruited senior traders from HSBC to lead its expansion into the bullion market and has also increased its equity portfolio by investing in Canadian firms related to precious metals [11]. Group 3: Product Offerings and Market Impact - Tether's primary product, USDT, dominates the global stablecoin market with over $186 billion in circulation, providing the capital necessary for further investments in gold [13]. - The company also issues Tether Gold (XAUT), which holds over 50% of the gold stablecoin market with a market capitalization of $2.62 billion [13].