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Home > About > Upway Global Attends CGSE Year of the Pig Lunar New Year Opening Ceremony

Upway Global Attends CGSE Year of the Pig Lunar New Year Opening Ceremony

2019-02-13 17:40:38 | 浏览 11074

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On the fourth day of the Lunar New Year in the Year of the Pig, the Chinese Gold & Silver Exchange Society (CGSE) officially resumed trading, and Upway Global was invited to attend the opening-day ceremony, witnessing the first gold transaction of the new year concluded through an auction mechanism.

At 9:00 a.m., the first trade of the day for the RMB kilo gold contract was executed at 288.88 RMB per gram, while 999.9 fine gold changed hands at HKD 12,300 per tael. Following the opening auction, gold prices continued to firm, with active trading and robust market participation throughout the session.

In line with long-standing CGSE tradition, the first trade after the Lunar New Year break is concluded via an open auction conducted by the Exchange’s Chairman and Vice-Chairman. Guests at this Year of the Pig opening ceremony included Mr. Joseph Chan, Under Secretary for Financial Services and the Treasury of the HKSAR Government, and CGSE Chairman Haywood Cheung, who joined member firms in witnessing this symbolic first transaction of the year.


In his remarks at the ceremony, Under Secretary Chan noted that global economic volatility in the second half of the previous year had inevitably impacted Hong Kong as an open economy. He emphasized that the government would continue to support the development of financial technology and strengthen Hong Kong’s position as an international financial centre. CGSE Chairman Cheung commented that the US could not afford an overly aggressive pace of rate hikes, prompting the Federal Reserve to adopt a more cautious stance, while ongoing uncertainty in China–US trade negotiations had driven safe-haven demand, which in turn was supportive of gold prices.


Over years of development, Upway Global has earned widespread respect from clients through its integrity, professional service and steady operations, building a strong industry reputation and broad social influence. Looking ahead to the new year, the company will continue to focus on delivering high-quality services, ensuring smooth and convenient execution for every client transaction, and working diligently to maximise asset?growth potential for its investors.

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