Hong Kong exchange tries gold futures again, with physical delivery this time


By Enoch Yiu
South China Morning Post, Hong Kong
Sunday, May 7, 2017

Hong Kong Exchanges and Clearing will undertake in the third quarter its third attempt to launch a gold futures contract after two previous failures, but traders have mixed views on its chances for success.

HKEX, which operates the local stock and futures markets, on Monday will kick off promotional efforts for a range of workshops and seminar for brokers, investors, and media as part of its plan to launch two new gold futures contracts -- one in US dollars and one in yuan -- with physical delivery.

... Dispatch continues below ...


Goldco Is America's No. 1 Gold IRA Provider

Goldco Precious Metals was founded by Trevor Gerszt in 2006 with a mission to help Americans protect their retirement accounts from market volatility and inflation by adding precious metals like gold and silver.

Experts predict that we are headed toward another economic crash like the one in 2008. If you aren't prepared, your retirement savings could vanish. At Goldco we take the time to understand our customers' investment goals and objectives and give them the resources to feel confident that their money will be there for them when they need it.

To learn more about adding gold and silver precious metals to your retirement accounts, please visit Goldco here:


This will be the third attempt by the local bourse to launch a gold futures contract. The exact launch date will be subject to regulatory approval by the Securities and Futures Commission, HKEX said on Friday. It also said its London subsidiary London Metal Exchange will launch a gold futures contract in July. ...

However, HKEX is confident of success with the new launch. Li Gang, HKEX’s co-head of market development, said the new version will be the first gold futures contracts to be denominated in yuan and US dollars and traded on the same electronic platform operated by HKEX. This is different from the 2008-2015 period when it was only traded in U.S. dollars. ...

The new contract will be for a 1 kilogram gold bar with physical delivery, also different from the previous time when contracts were only settled in cash. ...

... For the remainder of the report:


* * *

Join GATA here:

International Metal Writers Conference
Sponsored by Cambridge House
Sunday-Monday, May 28-29, 2017
Vancouver Convention Centre, East Building
Canada Place
Vancouver, British Columbia, Canada

GATA Reception at the International Metal Writers Conference
5-8 p.m. Monday, May 29, 2017
Lions Pub
888 West Cordova St.
Vancouver, British Columbia, Canada

* * *

Help keep GATA going:

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:


To contribute to GATA, please visit: