Shanghai-Hong Kong Gold Connect launched

HONG KONG - The Chinese Gold and Silver Exchange Society of Hong Kong and Shanghai Gold Exchange announced on Friday the official launch of a connectivity of gold markets in Shanghai and Hong Kong.

The launch of the Shanghai-Hong Kong Gold Connect marked the deepening of mutual market connectivity between the two places from stock to commodity trading and further promotes their financial integration and development.

This allows Hong Kong investors to trade on the main board and international board of the Shanghai Gold Exchange.

Eric Chui, CEO of Rise Hill Holdings Limited, which is a member of the Chinese Gold and Silver Exchange Society of Hong Kong, told Xinhua that this move can enhance service experience for investors from Hong Kong and Shanghai and reduce investment cost.

Chui said his company hoped to seize this opportunity of entering the Shanghai market and introduce their electronic trading platform and comprehensive service into the Chinese inland market, which can help investors from Hong Kong and Shanghai to understand the value of noble metal investment.

The Shanghai-Hong Kong Stock Connect was kicked off in Hong Kong and Shanghai at the same time on Nov 17, 2014 as a major move of China's reform and opening up of its capital market. Further connectivity between the two places has been under discussion after the official launch of the stock link, and the Shanghai-Hong Kong Gold Connect is one such move.