TechFlow News: On February 21, according to the Hong Kong Wen Wei Po, the Hong Kong Gold Exchange held its Lunar New Year market-opening ceremony for the Year of the Horse (Bing Wu) on the fourth day of the Lunar New Year. Zhang Dexi, Chairman of the Hong Kong Gold Exchange, stated in his speech that the Exchange has officially partnered with an Alibaba Group subsidiary to jointly develop a digital commodities blockchain, an international precious metals trading platform, and a clearing and settlement system. These initiatives aim to unify risk management and regulatory oversight across all systems—including spot trading, futures trading, digital gold, B2C transactions, actuarial centers, and over-the-counter (OTC) trading—in Hong Kong. The development is expected to be completed within six months, with the goal of integrating into the “Hong Kong Gold Central Clearing System” established by the HKSAR Government.
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