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New silver trading platform to lift HK's hub

The Chinese Gold & Silver Exchange Society, or CGSE, a leading physical gold marketplace in Asia, plans to launch a silver trading platform in Hong Kong in the first quarter of 2013 to bolster the city's precious metals trading hub status.

The new "Loco Hong Kong Silver Contract" will be denominated in Hong Kong dollar, and the contact size will be at least 10 kilograms. The minimum delivery unit will be 30 kilograms. An airport-based precious metals vault at the Hong Kong International Airport will be the accredited depository that would facilitate the physical delivery of silver. A new CGSE subsidiary would be set up to act as the new central clearing house of the silver trading contacts.

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Careers

New silver trading platform to lift HK's hub

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