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Hong Kong's 114-year-old bullion bourse restructures to grow internationally
By Enoch Yiu
South China Morning Post
Friday, December 20, 2024
Members of the Chinese Gold & Silver Exchange Society voted to turn the city's 114-year-old gold bourse into a corporation in a bid to expand internationally and support the government's ambition to reboot Hong Kong as an international trading hub.
Founded in 1910, the society is the only bourse in Hong Kong that uses an electronic platform and an open outcry method for participants to trade physical gold and silver.
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As a result of the vote, the organisation will become a corporation called the Hong Kong Gold Exchange. From January 1 it will take over the society's assets and operations, president Haywood Cheung Tak-hay said. ...
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