Hong Kong gold trading system targets 2027 pilot

The platform will integrate trading, clearing, and settlement.

Hong Kong Gold Exchange Trading System Limited (HKGXTS) has been established by the Hong Kong Gold Exchange (HKGX) and TGX Technology Limited to develop Hong Kong’s gold trading and fintech infrastructure.

HKGXTS held its first board meeting on Wednesday and expects its new gold trading and clearing system to begin pilot operations in the first quarter of 2027.

Its initial phase will integrate HKGX’s existing products, trading, settlement, clearing and related services into a unified platform.

HKGXTS will explore areas including international market access, digital gold real-world assets and cross-market expansion, subject to market development, regulatory requirements and partnership conditions.

TGX will oversee the overall design and project governance, whilst Hundsun Technologies will support core system delivery. Alibaba Cloud will provide cloud technology and future AI capabilities.

Hundsun Technologies will draw on its financial technology and trading systems expertise, alongside the financial systems implementation capabilities of its subsidiary Hundsun Digital Intelligence Technology, to support HKGXTS’ core system.

Alibaba Cloud will provide support for cloud computing and digital infrastructure, helping establish a secure, stable and scalable technology foundation.

HKGXTS Chairman Haywood Cheung said the company’s establishment marks a step towards strengthening Hong Kong’s gold trading infrastructure as the city develops its position as an international gold trading centre.

“The system will further embody the 'Finance+ Web3 + AI' concept, transforming traditional physical gold into a more diversified, flexible, and value-enhancing asset,” he said.

HKGXTS Chief Executive Officer and Director Sun Ho said the company will build a multi-tier bullion trading and investment platform based on physical gold delivery capabilities.

He said the platform will progressively expand extended-hour electronic trading for industry clients and international institutions. It will also use financial technology to improve trading efficiency, lower transaction and settlement costs, and support multi-currency pricing and settlement.