Hong Kong Precious Metals Central Clearing Company
| Industry | Financial services |
|---|---|
| Founded | July 2026 |
| Headquarters | |
| Services | Precious metals clearing and settlement |
The Hong Kong Precious Metals Central Clearing Company or HKPMCC is a gold clearing and settlement organization based in Hong Kong. The company will hold 400 fine troy ounce bars for settlement (while the standard for China is metric). This conforms to international standards.[1][2]
History
It was launched in July 2026, and is wholly owned by the Government of Hong Kong.[3][4]
Board of directors
The board of directors is composed of Shanghai Gold Exchange members, regulatory bodies, and the following 11 banks:
- Agricultural Bank of China Limited Hong Kong Branch
- Australia and New Zealand Banking Group Limited
- Bank of China (Hong Kong) Limited
- Bank of Communications (Hong Kong) Limited
- China Construction Bank (Asia) Corporation Limited
- Citi Hong Kong, Industrial and Commercial Bank of China (Asia) Limited
- JP Morgan
- Standard Chartered Bank (Hong Kong) Limited
- Hongkong and Shanghai Banking Corporation (HSBC (Hong Kong))
- UBS AG
See also
References
- ↑ "HK launches gold clearing system". news.gov.hk. July 7, 2026.
- ↑ "Hong Kong's gold clearing experiment gathers pace". The Armchair Trader. July 27, 2026.
- ↑ "Hong Kong launches gold clearing system". Hong Kong Economic and Trade Office, San Francisco. July 7, 2026.
- ↑ "Hong Kong launches trial run of gold central clearing operation". China Daily. July 7, 2026.
