MKS PAMP Among First Participants to Transact Through Hong Kong Precious Metals Central Clearing (HKPMCC)
Hong Kong, 7 July 2026 – MKS PAMP today participated in the first market transactions through Hong Kong Precious Metals Central Clearing (HKPMCC), including one of the first HAU gold trades, marking another important milestone in Hong Kong's strategy to develop as an international gold trading centre.
The transactions coincide with the commencement of trial operations of Hong Kong's gold central clearing and settlement system, representing a significant step in the development of the city's precious metals market infrastructure. They also mark the introduction of the new HAU price ticker for gold traded and settled in Hong Kong, an important step in enhancing the visibility and international accessibility of Hong Kong's gold market.
The first transaction saw MKS PAMP complete a physical gold trade with Bank of China (Hong Kong), accompanied by the transfer of bullion from the Shanghai Gold Exchange International (SGEI) vault into Hong Kong's clearing ecosystem. This seamless movement of physical gold demonstrates the strength of Hong Kong’s integrated infrastructure and its ability to connect Mainland flows with global markets.
In parallel, MKS PAMP completed an inaugural unallocated loco Hong Kong (HAU) trade with HSBC Hong Kong. Together, these transactions demonstrate the strength of Hong Kong's evolving precious metals ecosystem by showcasing both the efficient movement of physical bullion and the growing liquidity of its unallocated gold market.
MKS PAMP has played a pioneering role in the development of Asia’s precious metals markets for more than a decade. Since becoming one of the founding international participants of the SGEI in 2014, the company has consistently supported key milestones in the evolution of the region’s gold market, including the first trade and first load-in on SGEI, as well as participation in the launch of the Shanghai Gold Benchmark Price and, most recently, the first trade in SGE Hong Kong Contracts in 2025.
These latest trades reinforce MKS PAMP’s longstanding commitment to Hong Kong as an international precious metals hub and its continued investment in supporting the development of transparent, efficient and globally connected gold markets across Asia.
James Emmett, CEO of MKS PAMP, said:
"For more than a decade, MKS PAMP has supported the development of the Asia-Pacific gold market. Participating in the launch of Hong Kong's new central clearing and settlement system is another important milestone, reflecting the growing connectivity between Mainland China and international markets. We look forward to continuing to work alongside our banking partners and market participants to support Hong Kong's development as an international gold trading hub."
About MKS PAMP
MKS PAMP is a global leader in precious metals, specializing in trading, refining, and minting gold, silver, platinum, palladium, and other platinum group metal products. Part of the MKS PAMP GROUP, it brings over 60 years of expertise and operates one of the industry's most advanced refineries and mints. Headquartered in Switzerland, the company upholds the highest standards of quality, sustainability, and responsible sourcing. MKS PAMP is one of only three approved Good Delivery Referees of both the LBMA and LPPM worldwide. Its flagship brand, PAMP, is the world’s leading bullion brand, known for the iconic Lady Fortuna™ design. Trusted by financial institutions, investors, and industries, MKS PAMP champions transparency and ESG principles. Learn more at www.mkspamp.com.
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