Standard Chartered Completes First Gold Transactions 

Standard Chartered has completed its first batch of seven gold transactions and settlements through Hong Kong’s new gold central clearing and settlement system, marking an early milestone in the city’s efforts to strengthen its position as a regional gold trading hub.

The bank participated in the trial operation as both a Board member of Hong Kong Precious Metals Central Clearing Company Limited (PMCC) and a participating bank. The trial operation ceremony for PMCC and the Shanghai-Hong Kong Gold Market Cooperation initiative took place during the Hong Kong FIC & Bond Connect Summit, with Group Chief Executive Bill Winters attending the event in Hong Kong.

According to Standard Chartered, the initial batch of transactions involved corporate counterparties including Chow Sang Sang, Haitong International Securities, JD Technology, and Shanghai Pudong Development Bank. The transactions were processed through Hong Kong’s newly established gold central clearing and settlement infrastructure.

Standard Chartered Completes First Gold Transactions 

Bill Winters said gold is attracting increased attention from investors and central banks seeking portfolio diversification amid uncertain market conditions. He added that the gold market’s centre of gravity is gradually shifting toward Asia, creating opportunities for financial centres such as Hong Kong.

Winters noted that Standard Chartered combines its experience in the Loco London bullion market with its knowledge of Asian markets to support the development of Hong Kong’s gold ecosystem. He added that the successful completion of the first seven transactions demonstrates cooperation between institutions in Hong Kong and Shanghai and reflects closer financial connectivity between the two markets.

He also said the bank looks forward to supporting Hong Kong’s development as a gold trading hub while helping clients participate in an evolving precious metals market.

Standard Chartered is among the international banks with a dedicated precious metals trading desk in Hong Kong and remains one of the established participants in Asia’s gold market. The bank provides institutional clients with a range of services, including physical gold trading, financing solutions, and products linked to gold derivatives and options.

The completion of the first transactions through the new clearing and settlement system represents an operational step for Hong Kong’s precious metals infrastructure as authorities and market participants work to strengthen cross-border cooperation with Shanghai and expand the region’s role in global gold trading.

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