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Techub News reports that, according to Wen Hui Bao, the Hong Kong Gold Exchange held its New Year opening ceremony for the Bing Wu Year yesterday. HK Gold Exchange Chairman Zhang Dexi stated that to align with the SAR government's policy of establishing an international gold trading center and to strengthen trade, trading, and logistics connections with the international gold industry, HK Gold Exchange has officially partnered with Alibaba Group member company Yabo Technology to develop an international precious metals trading platform, clearing and settlement system, and digital commodities blockchain. This platform will centrally manage risk control and regulation for Hong Kong's spot, futures, digital gold, B2C trading, actuarial center, and over-the-counter trading businesses. It is expected to be completed within 6 months and aims to connect with the "Hong Kong Gold Central Clearing System" established by the SAR government.