Overview
The Hong Kong Precious Metals Central Clearing Company (PMCCC) is a government-owned entity operating Hong Kong’s central gold clearing and settlement system, launched in trial July 2026.
Recent Developments
- 2026-07-07: Trial operations commenced with 11 participating banks including jpmorgan, HSBC, UBS, Standard Chartered, Citi, ANZ, and major Chinese banks (2026-07-07-hong-kong-gold-clearing-official)
- Services: gold deposits, withdrawals, OTC transaction settlements (unallocated account model, London-style)
- Delivery Connect: Initial phase linkage with Shanghai Gold Exchange via MOU
- Roadmap: Expanded storage, HAU price ticker, tokenized gold products under discussion