Hongkong gold market is the largest gold market in China and Asia, with a history of more than 65,438+000 years. Its formation is marked by the establishment of chinese gold and silver exchange society. From 65438 to 0974, the Hong Kong government lifted the control on the import and export of gold, and the gold market in Hong Kong has developed rapidly since then. As the time difference of Hong Kong gold market just fills the gap between the closing of new york and Chicago and the opening of London, it can connect Asia, Europe and the United States to form a complete world gold market. Its superior geographical conditions have attracted the attention of European gold merchants, and five big gold merchants in London and three big banks in Switzerland have set up branches in Hong Kong. They brought the gold trading activities settled in London to Hong Kong, and gradually formed an invisible local London gold market, making Hong Kong one of the major gold markets in the world.

At present, the gold market in Hong Kong consists of three markets: ① The gold and silver trading market in Hong Kong is dominated by China investors and has a fixed trading place. The main trading specifications of gold bars are 99 standard bars, and the trading methods are open bidding and spot trading; ② The London gold market is dominated by foreign investors, and there is no fixed trading place; (3) The gold futures market is a regular market, and its nature is the same as that of new york and Chicago Commodity Futures Exchanges. The trading mode is formal and the system is relatively sound, which can make up for the shortage of the gold and silver trading market.