Rumors suggest the Hong Kong Stock Exchange may soon announce a new mechanism for gold futures. In response to media inquiries, a spokesperson for the exchange stated that they are currently studying optimizations for the existing gold futures product, with specific details to be disclosed at an appropriate time.
According to reports, the Hong Kong Stock Exchange has been actively preparing for the relaunch of gold futures. It is expected that new contract designs and refined mechanism details, which will retain physical delivery, will be announced in the near term.
Gold futures trading was first introduced by the original futures exchange back in 1980. However, following the launch of Hang Seng Index futures in 1986, which quickly became the market mainstream, trading volume for gold futures gradually declined. The product was eventually suspended in 1998. The Hong Kong Stock Exchange has made two subsequent attempts to restart this business, though the process has faced significant challenges.
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