Odaily Planet Daily reports that the Hong Kong Gold Exchange held a New Year opening ceremony for the Bingwu Year yesterday. During his speech, Chairman Zhang Dexi stated that the Hong Kong Gold Exchange has officially partnered with a subsidiary of Alibaba Group to develop a digital commodities blockchain, as well as an international precious metals trading platform and clearing and settlement system. These systems will unify risk control and regulation for Hong Kong’s spot, futures, digital gold, B2C transactions, actuarial centers, and over-the-counter (OTC) trading. The construction is expected to be completed within six months, and there is hope to connect with the “Hong Kong Gold Central Clearing System” established by the SAR government. (Hong Kong Wen Wei Po)
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