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The Chinese Gold and Silver Exchange Society (CGSE; 金銀業貿易場) is an organisation of gold trading firms in Hong Kong who are participants of the Chinese Gold and Silver Exchange, the first exchange in Hong Kong. [1] The Chinese Gold and Silver Exchange was established in 1910 and has a history of more than 110 years.
Hong Kong officially introduced a new series of coin on New Year's Day (1 January) 1993 at stroke of midnight HKT in denominations of 10-cent, 20-cent, 50-cent, HK$1, HK$2 and HK$10. Since the introduction of the Octopus card in 1997, small value payments and purchases in Hong Kong are mostly made as Octopus transactions.
The ten-dollar coin is the highest-valued circulating coin issued in Hong Kong.. It circulates alongside the ten dollar banknote.It was first issued for circulation in 1994 to replace the $10 note, but the coin was not minted after 1997 and the Hong Kong Monetary Authority chose instead to reissue banknotes in 2002.
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In September 2009, HKMEx signed a contract with Hong Kong International Airport to use HKIA's Precious Metals Depository as a licensed storage venue for gold traded on the exchange. [ 12 ] In December 2009, ICBC (Asia) acquired a 10% equity stake in the company, and said it intends to participate extensively in the exchange's operations as a ...
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The peg of Hong Kong dollar to the U.S. dollar in 1983 actually took place in the context of Sino-British negotiation regarding the future of Hong Kong after 1997. Due to the lack of public confidence in the talks, on 24 September 1983, the Hong Kong dollar was devalued by 15% over 2 days to a historical low at HK$9.6 to US$1.
The twenty-cent coin is a coin of the Hong Kong dollar.It is the second-smallest denomination coin in Hong Kong. There have been two different periods of usage for a twenty-cent coin: the first, round twenty-cent was issued from 1866 to 1905, and the current scallop-shaped coin was introduced in 1975.