Bank of China (Hong Kong) (02388.HK) appointed as settlement institution for Hong Kong Gold Central Clearing System and designated warehouse for Hong Kong Gold settlement.

BOC Hong Kong (02388.HK) +2.260 (+5.236%) Short selling $284 million; Ratio 24.014% announced that on the first day of the trial operation of the Hong Kong Gold Central Clearing System, it completed multiple key businesses, with overall operations proceeding in an orderly and smooth manner.

On the first day of the trial operation, BOC Hong Kong, as the system settlement institution, assisted direct participants in the Hong Kong Gold Central Clearing System—multiple banks that are members of the Hong Kong Gold Settlement Board of Directors—in completing same-day system settlement operations; as the designated warehouse, it successfully handled physical gold inbound for multiple direct participants.

At the same time, in its capacity as a direct participant, BOC Hong Kong assisted dozens of indirect participants in completing gold trading and settlement, with clients spanning leading enterprises across the entire precious metals industry chain, commercial banks, and non-bank financial institutions.

Sun Yu, Vice Chairman and President of BOC Hong Kong, said that the launch of the trial operation of the Hong Kong Gold Central Clearing System is an important measure for the HKSAR government to implement the national “15th Five-Year Plan” and to build an ecosystem for large-commodity trading, marking an important milestone for Hong Kong’s century-old gold market in moving toward becoming an international gold trading center. (ha/u)(Hong Kong stock quotes delayed by at least fifteen minutes. Short selling data as of 2026-07-08 16:25.)