License plate of field of trade of trade of Hong Kong bullion and Hong Kong negotiable securities the

License plate of field of trade of trade of Hong Kong bullion and 3 cards are distinguished

License plate of field of trade of trade of Hong Kong bullion is not the license plate on traditional sense, more resembling is a member, all companies that hold a card are the member of association of trade of Hong Kong bullion. License plate of field of trade of trade of Hong Kong bullion follows the distinction with the biggest shop sign of date of Hong Kong SFC3 is, license plate of field of trade of trade of Hong Kong bullion is 100 times lever, and inspect of Hong Kong card is met 3 cards are 20 times lever only.

One. Field of trade of trade of Hong Kong bullion (The Chinese Gold And Silver Exchange Society) held water 1910, call " of travel of " bullion industry at that time, till the ability after the the First World War is formal," of field of trade of trade of denominate " bullion reachs the put on record that register. Be the precious metal such as Hong Kong gold and silver trade place.

Organization and dimensions grow ceaselessly expand, down to now, built constant long base course of study. [1] Of field of trade of trade of Hong Kong bullion trade edifice of commerce of bullion of date of 12-18 of sanded street of of the annulus on Hong Kong of old hall locate 3 buildings. Commerce field has a member at present 171, OK and solely invested, partnership or limited company form are managed, in the center member of 30 groups that it is gold. Trade means preserves a tradition, with Open Outcry type, by clerk or delegate giving city at trading make public with language of another name for Guangdong Province inside old hall make price, complementary have business with hand date. Found before this field virtuous, all be at that time search change inn and the silver-colored name that run each port exchange east advocate or advocate thing person, afterwar gentleman of Mr He Shanheng that takes up the post of this field leader, Mr Hetian, Wu Jie appropriate, Mr Liang Jiyi, Mr Dong Zhongwei, Mr Ma Jincan waits to all be Hong Kong each are big China endowment. More than 90 years ago, namely around of the First World War, broken silver of broken gold of Hong Kong popular buying and selling, development is Qian Yintai after, again gradual progress is silver-colored date, to contemporary bank, this field is pure found to comply with Qian Yinye's development. Because of this reason, although this field is major servicing with bullion buying and selling, but prewar still have silver dollar of big gold, silver dollar, afterwar still have US dollar, yen, on the west tribute paper, Philippine wrap around the buying and selling such as all alone and Mexican gold young, be in at the same time with metal bar buying and selling this field is bilateral undertake. To 1960, because US dollar merchandise on hand is handed in,receive difficulty and when the Xuan when stopping, receive Zuo in order to hand in eventually static and at formal 1962 halt, yu Jinyin trades in order to reach nowadays.

That why can field of commerce of Hong Kong bullion develop by a regional market internationally trade center? In the past 100 why can move all the time for years good, become Asian area to trade thereby business of business, golden act the role ofing, long term invest what personage and congenial personage approbate to trade place? Besides commerce field everybody the member controls oneself besides self-love, also cannot leave the superintendency of relevant section rigor. Actually, by Hong Kong gold the canal manages field of commerce of Hong Kong bullion and exchange of gold of Hong Kong London assistance manages, the full name that golden canal manages is management board of Hong Kong banking.

2. Card inspect is met 3 cards

Hong Kong negotiable securities and control commission of futures general affairs (inspect of Hong Kong card is met) held water 1989, it is independent at the law methodize outside governmental official framework, of the negotiable securities option market of responsible superintendency Hong Kong run [1] . This organization establishs a goal is to be mixed through be being superintended effectively how-to, negotiable securities of stimulative Hong Kong and fairness of option market front, efficient reach Methodistic direction development. In May 1988, this committee publishs transaction, point out negotiable securities and commodity trade resource scarcity of agency of inspect manage commissioner, as a result fails the Hong Kong market that appropriate ground superintends rapid development and sharp change. This committee discovers, the authority concerned expends too much resource in effectiveness not old routine investigates the work over, and censorial without active ground reach supervisory market and Zhong Jieren. Because these two control commissions lack specific working policy, as a result fails to undertake effectively superintendency, take without not simply active and active the superintendency measure with take preventive measures, and appear passive after after mixing, knowing, become aware.

This committee suggests to be beyond officeholder framework, establish a legal orgnaization to be spent in order to replace the inspect control at that time. The chairman of this orgnaization and employee are held the position of by full-time professional superintendency staff, and funds basically is assumed by the market. Committee thinks, this orgnaization should have extensive investigation and the power of executive disciplinary treatment, fulfill effectively thereby its superintend function.

3 license plate are lever changes foreign currency to trade.

3. Two the biggest distinction depend on superintending:

1.  License plate of field of trade of trade of Hong Kong bullion is association ego is superintended, and 3 cards are card inspect can be superintended. Can be imagined, superintendency Xuan miscellaneous sex, strength has very big distinction.

2.  License plate of field of trade of trade of Hong Kong bullion trades is 100 times lever, computation arrives golden price, it is 120 times lever almost. And 3 cards are 20 times lever.

3.  License plate of field of trade of trade of Hong Kong bullion does not have new license tag at present, want to obtain, must buy, and 3 cards can apply for.

4.  Price of license plate of field of trade of trade of Hong Kong bullion does not poor, 2019 the bottom was in 2020, list price is controlled in 10 million Hongkong dollar almost, however, 3 cards are controlled in 5 million Hongkong dollar.