{
  "id": 1856034,
  "title": "Hong Kong Gold Exchange taps tech strength in joint venture to power gold settlement",
  "url": "https://urgent.news/2026/08/19/hong-kong-gold-exchange-taps-tech-strength-in-joint-venture-to-power",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-19T03:28:54.000Z",
  "source": {
    "name": "South China Morning Post",
    "slug": "south-china-morning-post",
    "url": "https://www.scmp.com/business/china-business/article/3364508/hong-kong-gold-exchange-taps-tech-strength-joint-venture-power-gold-settlement"
  },
  "original_language": "en",
  "account": "The Hong Kong Gold Exchange (HKGX) and TGX Technology have joined forces to create a new platform called HKGXTS. This platform aims to provide a secure, stable, and internationally competitive gold trading and clearing system. The joint venture will utilize technology partners like Alibaba Cloud, backed by Alibaba, and Hundsun Technologies. HKGXTS chairman Haywood Cheung, also the chairman of HKGX, emphasized that this step strengthens Hong Kong's gold trading infrastructure. The platform is expected to start pilot operations in the first quarter of 2027. Built around physical gold delivery, HKGXTS plans to offer a multi-tier bullion trading and investment platform. The first phase will integrate HKGX's existing trading, settlement, and clearing services into a unified system, with future additions including gold tokenisation and extended-hour electronic trading capabilities. The platform will also leverage financial technology to improve trading efficiency, lower transaction and settlement costs, and support multicurrency pricing and settlement. HKGXTS held its first board meeting to discuss development strategies and plans to expand the platform's reach, including international market access, digital gold real-world assets, and cross-market expansion. Hong Kong is actively working towards becoming a regional gold trading hub, with goals to increase bullion storage capacity and attract central banks to hold reserves in the city.",
  "summary": "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…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Reuters Business via SCMP",
        "title": "US Democrats rebuke Trump for easing sanctions on Beijing, Hong Kong officials",
        "url": "https://urgent.news/2026/08/18/us-democrats-rebuke-trump-for-easing-sanctions-on-beijing-hong-kong",
        "published": "2026-08-18T22:46:44.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}