1, China Gold and Silver Exchange
With a history of more than 100 years, the gold and silver exchange is the only one in Hong Kong at present (according to Article 3 of Chapter 82 of the Laws of Hong Kong, the exchange is exempted from operating the exchange) and the membership system is implemented. At present, there are 17 1 members (for example, China, Jin Rong, No.84 member of AA Trade Exchange? 340), managed by the board of supervisors, with 2 directors1person.
The purpose of the fair is to provide bankers with trading facilities and related services for trading precious metals such as gold and silver. There are 99 gold and kilogram contracts traded by open outcry, including London gold/silver contract, RMB kilogram contract, HK$ 999.9 gold contract and HK$ 1 HK$ local silver contract, and the "transaction coding" service is provided.
In order to meet the current international standards and requirements, Hong Kong Precious Metals Verification Center, a modern verification center set up by the fair, has even been recognized by the Hong Kong Laboratory Accreditation Scheme (HOKLAS) under the Hong Kong Accreditation Office of the Hong Kong Government. To tie in with the implementation of the Practitioner Registration System, the Exchange has also cooperated with the Hong Kong Securities Institute to offer a certificate course on "Gold and Silver Market" and published a "Self-study Manual" to help current practitioners improve their professional knowledge and ethics in the precious metal market.
2. Hong Kong gold futures market
1980 was officially approved by the Hong Kong government in August. Like the gold market in 1999, it is mostly short. There are several spot transactions in the venue. Trading through separate bidding. The unit of a multi-party contract is 65,438+000 gold ounces, and the deposit is 65,438+0,500 USD per contract. The price of each contract is 10 or its multiple. If the price change per gold ounce exceeds the closing price of $40 in the previous trading day, trading will be suspended for 30 minutes to pay additional margin. There are no restrictions on changes in the transaction. After each contract is completed, the seller delivers 100 gold ounce of standard gold. The futures exchange shall be managed in accordance with the management regulations and operate with reference to the new york market rules.
3. Local London Gold Market
Founded in 1974, it mainly focuses on overseas gold merchants, and its transactions adopt international standards without geographical restrictions. This market is extremely active and has become an important international gold market besides the 99 gold market. Customers in Hong Kong and London gold markets can use special credit arrangements to delay settlement, which involve borrowing gold or dollars, basic margin and price change margin. This market has further developed and formed a unique Hong Kong London gold deferred settlement market. Gold traders, manufacturers and producers all over the world participate in this market.
4. Hong Kong Futures Exchange
In order to improve competitiveness and meet the challenges of the increasingly globalized market, the Stock Exchange of Hong Kong Limited (SEHK), Hong Kong Futures Exchange Limited (HKFE) and Hong Kong Securities Clearing Limited (HKSCC) merged on March 6, 2000 to become a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEx), a single holding company. The HKEx was also listed on the Stock Exchange on June 27th, 2000. 20 12 12 hkex acquires London metal exchange (LME), the world's leading base metal market. 20 12 in may, hong kong OTC clearing co., ltd (hereinafter referred to as OTC clearing company) was formally established and became the clearing house of OTC derivatives in hong kong.
HKEx is a holding company of the Unified Exchange, Futures Exchange, Hong Kong Clearing Company, OTC Clearing Company and LME. Its business operation is carried out by several specialized departments, under the leadership and supervision of the management and the board of directors. The board of directors is the highest decision-making body, responsible for formulating the objectives, missions, strategies, policies and business plans of the Hong Kong Stock Exchange, and monitoring the implementation of the management.