Company Activities

On 3 November 2017, the "Shenzhen-Hong Kong Gold Connect" was officially launched, marking another major historical milestone in the Hong Kong's bullion market. That evening, Mrs. Carrie Lam, the Chief Executive of HKSAR, was invited to be the officiating guest and witnessed the first 900kg "Qianhai gold" trading in the "Shenzhen-Hong Kong Gold Connect". First Gold broke a historical record together by successfully trading golds with a value of nearly RMB 30 million! First Gold representative was invited to perform the launch ceremony with the Chief Executive. Other guests who attended the event included Mr. James Henry Lau Jr, the Secretary for Financial Services and the Treasury, Dr. Haywood Cheung, the President of the Chinese Gold & Silver Exchange Society (CGSE), Ms. Lin Jie, Shenzhen Municipal Standing Committee and Minister of United Front Work Department, and Ms. Jin Ping, the Deputy Director-General of Commercial Office of Economic Affairs Department of the Liaison Office of the Central People's Government in the HKSAR. The launch ceremony was star-studded with the line-up of famous guests, making a grand occasion.

After successfully introducing the "Shanghai-Hong Kong Gold Connect” in 2015, the "Shenzhen-Hong Kong Gold Connect" launched in 2017, as the second cross-border inter-connected platform for Hong Kong and the Mainland, will perfect the entire ecosystem of gold trading, enabling golds and funds to be channeled between North and South. First Gold representative said, "By linking the overseas and the Mainland markets, the 'Shenzhen-Hong Kong Gold Connect', the gold price in the Mainland can become internationally recognized. It also helps China reach the global stage, effectively enhances China's right of gold pricing and right of discourse, as well as provides advantages to enhance the global competitiveness and influence of China's gold market. Therefore, the launch of 'Shenzhen-Hong Kong Gold Connect' is of great significance!" He added, "It is believed that the 'Shenzhen-Hong Kong Gold Connect' allows more mainland investors to take part in trading models with international standards, and it also satisfies the demands of investors in both Hong Kong and Shenzhen."

Dr. Haywood Cheung indicated that, "While 70 Hong Kong bullion traders will be participating in the 'Shenzhen-Hong Kong Gold Connect', which is far more than that in the 'Shanghai-Hong Kong Gold Connect' with 30 traders, it is expected that the daily trading amount will reach ten billion dollars." The connection will be well received by the market.  Mrs. Carrie Lam indicated that, "By leveraging the advantage of Hong Kong being the global offshore RMB business hub, the 'Shenzhen-Hong Kong Gold Connect' produces a synergistic effect with the Qianhai warehouse, enhancing the competitiveness of the gold market chain in the region as well as facilitating the development in Hong Kong." First Gold hopes that the 'Shenzhen-Hong Kong Gold Connect' will include more international gold traders, benefit more peripheral businesses and fully develop within industry.