MKS PAMP participates in the first market transactions of the Hong Kong Gold Central Clearing System.

Swiss precious metals refining and trading group MKS PAMP announced today the completion of the first market transactions in Hong Kong's Gold Central Clearing System. These transactions coincided with the trial operation of the Hong Kong Gold Central Clearing and Settlement System, marking a significant step in the development of Hong Kong's precious metals market infrastructure.

In the first transactions, MKS PAMP completed a physical gold transaction with Bank of China (Hong Kong), while also transferring gold bars from the Shanghai Gold Exchange International Board (SGEI) warehouse to Hong Kong's clearing ecosystem. This seamless transfer of physical gold demonstrates the strength of Hong Kong's integrated infrastructure and its ability to connect the mainland with global markets.

MKS PAMP also completed an unallocated local gold (HAU) transaction with HSBC Hong Kong. These two transactions showcase the strength of Hong Kong's precious metals ecosystem, reflecting the efficient flow of physical gold and the growing liquidity in the unallocated gold market.

James Emmett, CEO of MKS PAMP, stated that over the past decade, MKS PAMP has supported the development of the gold market in the Asia-Pacific region. Participating in the launch of Hong Kong's new central clearing and settlement system is another important milestone, reflecting the increasing connectivity between mainland China and international markets. He looks forward to continuing to work with banking partners and market participants to support Hong Kong's development into an international gold trading hub.