Hong Kong Gold Exchange taps tech strength in joint venture to power gold settlement

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The Hong Kong Gold Exchange and TGX Technology have launched a joint venture to develop a secure and competitive gold trading and clearing platform, leveraging tech support from Alibaba Cloud and Hundsun Technologies. This initiative supports Hong Kong's ambitions to become a leading global gold trading hub.

The Hong Kong Gold Exchange (HKGX) and TGX Technology have launched a joint venture to build a “secure, stable and internationally competitive” gold trading and clearing platform, as the city pushes to become a gold trading hub. Hong Kong Gold Exchange Trading System (HKGXTS) would draw on technology partners, including Alibaba Cloud – which backs TGX Technology – and Hundsun Technologies, to deliver the platform, according to a statement issued on Tuesday. Alibaba owns the South China Morning...