On July 7, 2026, the Hong Kong Gold Clearing and Settlement System, led by the Hong Kong Special Administrative Region Government of China, was officially launched and put into operation. The first batch of physical gold settlement and delivery was successfully completed through the new system. On the first day of the system's launch, Guolian Minsheng Securities Hong Kong subsidiary cooperated with Bank of China (Hong Kong), one of the three major note issuing banks in Hong Kong, to complete the first batch of Hong Kong gold spot (HAU) trading and clearing delivery, becoming one of the first market participants in Hong Kong spot gold. On the first day of trial operation, 8 securities firms including CITIC Securities, CITIC Securities International, and Bank of China International participated.

Looking back at the preparation process of Hong Kong's gold spot market, the 2025 Policy Address of the Hong Kong Special Administrative Region proposes that Hong Kong will establish a central clearing system for gold. After intense preparation and testing, the "HAU" system officially landed today, marking a new era in the infrastructure construction of Hong Kong's precious metal market. This system has a milestone strategic significance for Hong Kong and the global financial landscape: firstly, it fills the gap of Hong Kong's lack of sovereign level central clearing infrastructure for precious metals, effectively promotes the geopolitical transfer of "international pricing power" for gold, and lays the foundation for building a new pricing pattern for gold in the East; Secondly, system innovation support includes offshore RMB multi currency clearing, anonymous account settlement and other systems, creating a safer and more efficient physical precious metal safe haven, greatly enriching the application scenarios of offshore RMB, and having profound significance for deepening RMB internationalization and consolidating Hong Kong's position as an international financial center.

Guolian Minsheng Securities and its Hong Kong subsidiary have demonstrated the professional strength and responsibility of Chinese securities firms through their deep cultivation in cutting-edge overseas fields, contributing to the construction of a global gold trading center and wealth management hub in Hong Kong, and demonstrating their firm determination to support the country's high-level two-way opening-up of finance.

In the first year of the "15th Five Year Plan", Guolian Minsheng Securities and its Hong Kong subsidiary are making every effort to accelerate the construction of an international financial service ecosystem, relying on the diversified financial service capabilities granted by the Hong Kong Securities Regulatory Commission's licenses 1, 4, 6, and 9, continuously promoting capital integration, assisting the development of the real economy, and building an overseas service platform that integrates overseas asset allocation, liability management, and risk management. In the field of fixed income, foreign exchange, and bulk commodity business (FICC), the Hong Kong subsidiary has demonstrated a steady and enterprising development momentum: trading varieties cover global fixed income, foreign exchange, and bulk commodities, and trading hours achieve 24-hour coverage, providing comprehensive and professional product supply and strategic support for the group's globalization strategy.