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There are two major exchanges in China: Shanghai Gold Exchange and chinese gold and silver exchange society.
Speaking of the China gold and silver trade fair, let's start with its development history …
China Gold and Silver Fair was founded in 19 10, and was called "Gold and Silver Trading Bank" at that time. It was not officially named as "Gold and Silver Trading Market" until after the First World War. It is the only spot gold and silver trading place in Hong Kong. It is one of the largest precious metal trading markets in the world. It ranks with London, new york, Zurich and Tokyo as the five traditional gold trading markets in the world. Its operation meets the licensing requirements of the Hong Kong government, and has been recognized and trusted by international financial institutions and regulatory agencies, and its quality standards and service quality have also been fully affirmed by the industry. There are more than 170 members, including commercial banks, brokers and jewelers, such as Wing Hang Bank, Bank of China Hong Kong, HSBC, ICBC Asia, Golden Elephant International, Chow Tai Fook, Lukfook Jewelry, Zhou Shengsheng and Hershey's. China Industrial and Commercial Bank Qianhai Sub-branch is a platform sub-branch with the theme of cross-border innovation set up by ICBC Head Office in Qianhai District.
China Gold and Silver Trade Exchange pays attention to financial supervision and standard setting, which provides a guarantee for compliance trading and protection of customers' interests. The gold and silver exchange manages a banker's platform through a strict grading system. It is important to note that only bookmakers of AA and A 1 are eligible to trade spot gold and silver. If they harm the interests of investors in the course of operation, they may be demoted or even have their licenses revoked permanently. It is not easy to become a member of the gold and silver exchange. Ordinary small investment companies simply can't do it. In addition to passing the high-standard qualification examination, they also need to pay a huge deposit. Among them, AA license has strict assessment and requirements for platform qualification and credibility.
On 20 15, Shanghai Gold Exchange and China Gold and Silver Trade Institute formally signed a contract to open the "Shanghai-Hong Kong Stock Connect". HKEx was awarded a certificate by Shanghai Gold Exchange and became a special international member. Shanghai Gold Exchange has become one of more than 70 banks in China Gold and Silver Exchange/KLOC-0. The interconnection of the two services has been promoted at home and abroad. I don't want to introduce it too much here, but I can check it myself.
Seeing this, I believe you have a new understanding of the fair, not a joke spread by Xiao Bai. If you want to find a reliable gold trading platform, you must fully understand this. Some companies muddle along or run poorly under the banner of AA and A 1, and the foreign exchange platform is also supervised, which is not necessarily safe. Therefore, to consider the credibility and reputation of the platform, investors should choose those platforms with good operating records and positive user evaluation, such as Golden Elephant International; We should also pay attention to security, understand the financial security mechanism and safeguard measures of the platform, and ensure that our funds are properly protected. We respect the formal honesty platform and condemn the bad dishonesty platform.