The main thing is to find a formal gold trading platform.
The content is a bit long, please read it patiently...
There are two major exchanges in China: Shanghai Gold Exchange and Hong Kong Gold and Silver Exchange.
When it comes to the Hong Kong Gold and Silver Trade Fair, let’s start with its development history...
The Hong Kong Gold and Silver Trade Fair was founded in 1910 and was called the "Gold and Silver Trade House" at that time. It was only after World War I that the "Gold and Silver Trade Center" was officially named and registered. It is the only spot gold and silver trading venue in Hong Kong. It is one of the largest precious metals trading markets worldwide. Together with London, New York, Zurich and Tokyo, it is one of the five traditional gold trading markets in the world. Its operations comply with the licensing requirements of the Hong Kong government and are recognized and trusted by international financial institutions and regulatory agencies. Its quality standards and service quality have also been fully recognized by the industry. There are currently more than 170 members, including commercial banks, brokers and jewelers, such as Wing Hang Bank, Bank of China Hong Kong, HSBC, ICBC (Asia), Jinxiang International, Chow Tai Fook, Luk Fook Jewellery, Chow Sang Sang, Heraeus, etc. The Industrial and Commercial Bank of China Qianhai Branch is a platform branch established by the ICBC Head Office in the Qianhai area with the theme of cross-border innovation.
The Hong Kong Gold and Silver Trade Center focuses on financial supervision and standard setting, providing guarantees for compliant transactions and protecting the interests of customers. The Gold and Silver Industry Trading Center manages a number of banker platforms through a strict classification system. Special attention should be paid here. Only AA and A1 bankers are qualified to trade spot gold and silver. If they harm the interests of investors during their operations, they will be liable. You may be demoted or even permanently revoked. You must know that it is not easy to become a trader in the gold and silver industry. It is simply impossible for ordinary small investment companies. In addition to passing high-standard qualification assessment, you also need to pay a huge deposit. Among them, the AA license is an important requirement for platform qualifications and Credibility has strict assessment and requirements.
In 2015, the Shanghai Gold Exchange and the Hong Kong Gold and Silver Exchange formally signed a cooperation agreement to launch the "Shanghai-Hong Kong Stock Connect". The Hong Kong Exchange received a certificate from the Shanghai Gold Exchange to become a special international member, and the Shanghai Gold Exchange became a Hong Kong Gold and Silver Exchange. One of the more than 170 members of the Gold and Silver Trade Center. The business interconnection between the two is promoted at home and abroad. I won’t introduce too much here, you can check it by yourself.
After seeing this, I believe you have a new level of understanding of the trade field, and it is not a joke about non-governmental organizations spread by novices. If you want to find a reliable gold trading platform, it is necessary to fully understand it. Some companies operate under the banner of AA and A1 licenses, but they are mixed or operate in bad ways. Foreign exchange platforms are also regulated and may not be safe. Therefore, to consider the credibility and reputation of the platform, investors should choose platforms with good operating records and positive user reviews such as Jinxiang International; they also need to pay attention to security and understand the platform's fund security mechanism and safeguards to ensure their funds. To be properly protected, we respect formal and honest platforms and condemn bad and untrustworthy platforms.