iPAu99.5HK合约

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香港拓展国际黄金交易中心,年内公布方案
Sou Hu Cai Jing· 2025-08-20 02:17
Group 1 - The Hong Kong government has established a dedicated task force to examine various aspects of gold financial transactions, aiming to develop Hong Kong into an international gold trading center, including support for physical gold delivery [2][7] - The plan traces back to the 2024 Policy Address, which proposed the construction of a "bulk commodity trading ecosystem," and progress is being made steadily [2] - Hong Kong successfully joined the London Metal Exchange (LME) global warehouse and delivery network in early 2025, enhancing connections between China's and the world's most active metal trading markets [2][3] Group 2 - Since becoming an LME-approved delivery location, Hong Kong has seen eight approved warehouses operational within seven months, with over 8,000 tons of LME-registered warrants supporting LME contract delivery as of early August [3] - The establishment of LME-approved warehouses in Hong Kong is expected to improve the efficiency of non-ferrous metal allocation and reduce logistics time and costs [3] - The Hong Kong Airport Authority is planning to expand precious metal storage facilities at Hong Kong International Airport to support the construction of international-grade gold storage facilities [3] Group 3 - The Hong Kong government aims to build international-grade gold storage facilities, expand related financial services such as insurance, testing, certification, and logistics, and develop a comprehensive ecosystem for gold trading [4] - This initiative is significant as it leverages Hong Kong's advantages as an international free port and zero-tariff zone, enhancing demand for shipping services and promoting the development of trade financing, insurance, and risk management services [4] - The long-term vision includes promoting more bulk commodity trading denominated and settled in Renminbi, contributing positively to the development of offshore Renminbi business [4] Group 4 - Future cooperation between mainland China and Hong Kong in the gold market requires addressing two key issues: expanding gold warehouse space in Hong Kong and collaborating with mainland exchanges to create an international gold market [5] - The Shanghai Gold Exchange has already established its first overseas delivery warehouse in Hong Kong, with transactions denominated in Renminbi, which will promote the use of Renminbi in broader international trade [5] - The number of international members of the Shanghai Gold Exchange has increased from 40 in 2014 to 106, with participants from 16 countries and regions, although gold pricing power remains dominated by the US COMEX and the London Bullion Market Association [5]
上金所香港指定仓库正式启用,人民币黄金离岸交割体系建立!
Sou Hu Cai Jing· 2025-06-29 22:50
Group 1 - The establishment of the designated warehouse for the international board by the Shanghai Gold Exchange in Hong Kong marks a significant step in the internationalization of China's gold market [1][3] - The designated warehouse is operated by Bank of China (Hong Kong) and is the first offshore designated warehouse for the international board, providing both trading and custody services [3] - Two gold trading contracts have been launched for delivery at the Hong Kong designated warehouse, with specific standards for weight and purity, and both contracts are priced in Renminbi [3] Group 2 - The move to set up the designated warehouse in Hong Kong enhances China's influence in the international gold market and provides a closed-loop exchange channel for "Renminbi-gold," strengthening the credibility of Renminbi as a reserve currency [4] - The realization of offshore Renminbi gold physical delivery is expected to increase investor preference for Renminbi-denominated gold, deepening the binding relationship between gold and Renminbi [4] - The expansion of Renminbi usage in international commodity pricing and settlement is facilitated by the large offshore Renminbi liquidity pool in Hong Kong, lowering barriers for foreign capital participation [4]
上金所:上市iPAu99.99HK、iPAu99.5HK合约并设立香港指定仓库
news flash· 2025-06-25 08:20
Core Viewpoint - The Shanghai Gold Exchange is enhancing its international market openness by launching new gold contracts and waiving storage fees for international members and clients until the end of 2025 [1] Group 1: Market Expansion - The Shanghai Gold Exchange announced the listing of iPAu99.99HK and iPAu99.5HK contracts on June 26 [1] - The exchange aims to enrich its product system and optimize delivery services [1] Group 2: Fee Waivers - From now until December 2025, the exchange will waive storage, entry, and exit fees for international members and clients using the designated warehouse in Hong Kong [1] - This initiative is part of the exchange's strategy to attract more international participation [1]