Acetop Precious Metals Limited is headquartered in Hong Kong. Acetop Precious Metals Limited is a regulated e-trading member (No. 145) of the Chinese Gold & Silver Exchange Society (CGSE). Holding a Type AA Marketing Trading License issued by the CGSE, Acetop is authorized to deal in 99 Gold, HKD Kilo Gold, Loco London Gold/Silver and RMB Kilobar Gold. (Note 1) A Gold Minting License bypasses the restraints of bullion trading in Hong Kong. Among the 171 CGSE members, only 30 have been granted this special license. (Note 2) An AA License is the highest grade of membership and grants the licensee the right to trade Hong Kong 99 gold, Hong Kong 9999 gold, Hong Kong silver 1 bar, London gold and silver, and Renminbi Kilobar gold. Hong Kong is having another go at gold trading – here’s why it will succeed this time. HKEx will do a lot better than the failed HKMEx because the new gold futures contracts offer offshore holders of yuan the chance to park their money in gold. The Hong Kong gold market is one of the most active physical gold trading markets in the world, and plays host to the traditional Chinese Gold and Silver Exchange as well as being a hub for a large number of investment bank precious metals trading desks. As for companies providing gold trading services in general in Hong Kong, they are not required to register or obtain a license from the SFC. These over-the-counter (OTC) gold trading activities are a matter of direct negotiation and trading on the part of the buying and selling parties.
(Note 1) A Gold Minting License bypasses the restraints of bullion trading in Hong Kong. Among the 171 CGSE members, only 30 have been granted this special license. (Note 2) An AA License is the highest grade of membership and grants the licensee the right to trade Hong Kong 99 gold, Hong Kong 9999 gold, Hong Kong silver 1 bar, London gold and silver, and Renminbi Kilobar gold. Hong Kong is having another go at gold trading – here’s why it will succeed this time. HKEx will do a lot better than the failed HKMEx because the new gold futures contracts offer offshore holders of yuan the chance to park their money in gold.
Licensing. As the gatekeeper of standards for individuals and corporations seeking to enter the securities and futures markets of Hong Kong, we: Grant licences to those who are appropriately qualified and can demonstrate their fitness and properness to be licensed under the Securities and Futures Ordinance; The SFC is mainly responsible for regulating the securities, futures and non-bank retail leveraged foreign-exchange markets in Hong Kong. Spot precious-metal trading is not regulated by the SFC. I went to the Bank of China and Hang Seng Bank to see where I’d get the better deal for his Maple Leaf coins. It was no contest. Hang Seng quoted me the Hong Kong dollar equivalent of spot gold. But, the Bank of China quoted me 4.5% ABOVE the spot price of gold. Needless to say, the choice was obvious.
Licensing. As the gatekeeper of standards for individuals and corporations seeking to enter the securities and futures markets of Hong Kong, we: Grant licences to those who are appropriately qualified and can demonstrate their fitness and properness to be licensed under the Securities and Futures Ordinance; The SFC is mainly responsible for regulating the securities, futures and non-bank retail leveraged foreign-exchange markets in Hong Kong. Spot precious-metal trading is not regulated by the SFC. I went to the Bank of China and Hang Seng Bank to see where I’d get the better deal for his Maple Leaf coins. It was no contest. Hang Seng quoted me the Hong Kong dollar equivalent of spot gold. But, the Bank of China quoted me 4.5% ABOVE the spot price of gold. Needless to say, the choice was obvious. Gold is the top export of Switzerland, Hong Kong, South Africa, Ghana, the Dominican Republic, Uzbekistan, Tanzania, Sudan, Lebanon and Suriname. Gold is the top import of Switzerland, Turkey, the United Arab Emirates, Thailand and Cambodia. Gold is also known as monetary. Gold is a 4 digit HS92 product.
31 Mar 2019 Shares, stakes and expensive metals like gold, when sold through a blockchain network, are considered to be Security tokens. The trading of