<p>The Hong Kong Gold Exchange held the &#34;Bingwu Year Spring Opening Ceremony&#34; today, officiated by the Deputy Secretary for Financial Services and the Treasury, Chan Ho Lam. The Chairman of the Hong Kong Gold Exchange, Zhang Dexi, Vice Chairman Xie Manquan, and Legislative Council member Li Weihong jointly bid for the first gold transaction, with the price of 999 gold set at HKD 46,518, and the price of offshore renminbi gold bars set at HKD 1,107.8. Nearly half a ton of gold and silver, valued at over HKD 100 million, was displayed on-site, marking the largest quantity ever showcased at a Spring Opening Ceremony.</p>
<h2>Currently in the early to mid-stage of a bull market</h2>
<p>Zhang Dexi stated that the gold price has laid a solid foundation over the past few years and is currently in the early to mid-stage of a bull market. If a war occurs between the U.S. and Iran, gold prices may adjust slightly before rising again, with expectations to challenge the USD 6,000 per ounce level in the second and third quarters of this year.</p>
<p>He also mentioned that the Hong Kong Gold Exchange has officially partnered with Alibaba Group (9988) member company Yabo Technology to develop an international precious metals trading platform, settlement system, and digital goods blockchain, providing services including spot, futures, digital gold B2C trading, clearing center, and over-the-counter (OTC) trading.</p>
<h2>Over 30 international gold companies have been seen</h2>
<p>He noted that over the past year, the Hong Kong Gold Exchange has optimized institutional governance, increased institutional transparency, and actively opened up close ties with international financial institutions, gold merchants, and minting e-commerce. In recent months, they have met with over 30 international gold companies to discuss cooperation or opportunities to join as members.</p>
<p>Additionally, the exchange will officially launch 9999 commemorative silver bars, available for public order on the 3rd of next month</p>

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<p>The Hong Kong Gold Exchange held a Spring Opening Ceremony, with the gold price at HKD 46,518, and it is expected to challenge USD 6,000 per ounce in the next two quarters. Daniel Zhang stated that gold prices are in the mid-stage of a bull market, and if a war occurs between the U.S. and Iran, there will be a slight adjustment before rising again. The exchange is collaborating with Alibaba to develop an international precious metals trading platform, offering various trading services, and plans to launch 9999 commemorative silver bars</p>

- The Hong Kong Gold Exchange held a Spring Opening Ceremony attended by officials, pricing 999 gold at 46,518 HKD and offshore RMB gold bars at 1,107.8 RMB.  
- Chairman Cheung Tak-Hei noted the ongoing bull market and suggested that gold prices could challenge USD 6,000 per ounce in the second and third quarters of this year, citing international collaboration with Alibaba for a digital precious metals trading platform.  
- The exchange aims to enhance corporate governance and transparency, having engaged over 30 international gold companies for potential partnerships or memberships, and will launch a new 9999 commemorative silver bar for public orders next month.

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Zhang Dexi's fee price will challenge 6,000 USD in the next two quarters, Hong Kong Gold Exchange partners with Alibaba to develop a trading platform