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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.
A mace (Chinese: 錢; pinyin: qián; Hong Kong English usage: tsin; [2] Southeast Asian English usage: chee [3]) is a traditional Chinese measurement of weight in East Asia that was also used as a currency denomination. It is equal to 10 candareens and is 1 ⁄ 10 of a tael or approximately 3.78 grams. A troy mace is
2840.HK SPDR GOLD TRUST – tracks the Gold Price; 3081.HK Value Gold ETF - tracks the London Gold Fixing Price in USD (A.M.) 83081.HK Value Gold ETF - tracks the London Gold Fixing Price in USD (A.M.) 83168.HK Hang Seng RMB Gold ETF – tracks the London Gold Fixing Price
Asian shares mostly declined Wednesday after Wall Street sank, hitting the brakes on what’s been a nearly unstoppable romp. Hong Kong's Hang Seng lost 0.6% to 16,832.52, while the Shanghai ...
The Association was renamed the Hong Kong Stock Exchange in 1914. [citation needed] A second exchange, the Hong Kong Stockbrokers' Association was incorporated in 1921. The two exchanges merged to form the Hong Kong Stock Exchange in 1947 and re-establish the stock market after the Second World War.
The Hong Kong securities market can be traced back to 1866, but the stock market was formally set up in 1891, when the Association of Stockbrokers in Hong Kong was established. [8] It was renamed as The Hong Kong Stock Exchange in 1914. By 1972, Hong Kong had four stock exchanges in operation.
In attendance was Hong Kong Financial Secretary John Tsang who said there is "a huge opportunity for Hong Kong to develop a commodities futures market" in Hong Kong. [7] In March 2009, HKMEx appointed Albert Helmig, a former vice-chairman of NYMEX , as President of the exchange to lead day-to-day operations of the bourse.
On November 16, 1948, the president of the Central Bank, Yu Hongjun, reported to Chiang Kai-shek the results of the redemption of 1,663,000 taels of gold, 8,937,000 yuan of silver (i.e. silver ingots), 2,438,000 yuan of silver, 4,775,000 yuan of U.S. banknotes, and 8,735,000 yuan of Hong Kong dollars, making a total of US$190 million.