{
  "id": 1860334,
  "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-1860334",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-19T03:28:54.000Z",
  "source": {
    "name": "SCMP Tech",
    "slug": "scmp-tech",
    "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 technology firm TGX Technology have formed a joint venture to develop a \"secure, stable and internationally competitive\" gold trading and clearing platform. This initiative aims to bolster Hong Kong's position as a gold trading hub. The platform, HKGXTS, will leverage technology from Alibaba Cloud, a partner of TGX Technology, and Hundsun Technologies. HKGXTS chairman Haywood Cheung noted that this step would significantly enhance Hong Kong's gold trading infrastructure. The system is set to commence pilot operations in the first quarter of 2027. HKGXTS, led by CEO Sun Ho, intends to integrate HKGX's existing products and services into a unified system, with plans to expand digital offerings, such as gold tokenisation, in subsequent phases. The platform will initially focus on physical gold delivery, aiming to establish a robust multi-tier bullion trading and investment platform. HKGXTS plans to further enhance trading efficiency, cut transaction and settlement costs, and support multicurrency pricing and settlement through its financial technology. The joint venture will also expand into areas like international market access, digital gold real-world assets, and cross-market expansion. Hong Kong is actively working towards becoming a regional gold trading hub by increasing bullion-storage capacity, launching a trial of a central clearing and settlement system, and attracting regional 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."
}