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Home > About > Upway Global Wins Most Active London Gold/Silver Trader Award 2013/14

Upway Global Wins Most Active London Gold/Silver Trader Award 2013/14

2014-09-16 16:10:33 | 浏览 1595

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On September 15, The Chinese Gold and Silver Exchange Society (CGSE) held the "CGSE Qianhai Precious Metals Development Interest Group Appointment Ceremony & Most Active London Gold/Silver Trader Awards 2013/14" at Bloombergs Hong Kong headquarters. Upway Global was honored to be among the awardees, securing the "Top 10 Most Active London Gold/Silver Trader Award 2013/14" trophy for its outstanding performance.

The ceremony was officiated by Dr. Haywood Cheung, Chairman of the CGSE, and the Executive Committee, alongside guests of honor including Mr. Yang Yi, Deputy Director of the Economic Affairs Department of the LOCPG and Head of the Trade Office; Mr. Zhang Xialing, Deputy Director of the Economic Affairs Department of the LOCPG; Mr. He Zijun, Deputy Director of the Qianhai Authority; and Director Liu Xiao. The event aimed to commend the advisors and committee members for their efforts in the Qianhai project and to recognize the contributions of ten outstanding member firms to the industry.

The CGSE and the current Board have closely monitored the opportunities in Qianhai. To advance this strategic project, the "CGSE Qianhai Precious Metals Development Interest Group" was established in early 2014, with Chairman Haywood Cheung personally overseeing daily operations. The group aims to rapidly integrate resources, formulate detailed strategies, and launch preparations for the Qianhai Gold and Silver Trading Center, a precious metals testing center, and a physical gold warehouse with a 1,500-ton capacity within the year.

During the ceremony, Dr. Haywood Cheung stated plans to lead the first batch of 50 member firms into Qianhai by the end of October. He described the "one-hour economic circle" formed by the Qianhai project as a "once-in-a-century gold opportunity" to enhance competitiveness against neighboring Asian countries, prevent the marginalization of Hong Kongs financial status, and help SMEs enter the mainland market for a win-win outcome. He also revealed ongoing discussions with the Shanghai Gold Exchange to establish a strategic alliance, aiming for a "Precious Metals Shanghai-Hong Kong Connect" to open the mainland market through the Qianhai project.

Mr. He Zijun, Deputy Director of the Qianhai Authority and Leader of the Qianhai Interest Group, noted that the CGSE, with its century-old history, plays a vital role in international precious metals. It is recognized as one of the "10 Exemplary Hong Kong Enterprises in Qianhai," representing the success of "Shenzhen-Hong Kong Cooperation." The CGSE Qianhai Precious Metals Trading, Logistics, and Verification Center has been confirmed as a demonstration model for introducing high-end financial services for SMEs in Qianhai.

Currently, the daily transaction volume on the CGSE electronic platform reaches nearly HKD 200 billion. The award-winning "Top 10 Most Active Gold/Silver Dealers" have made significant contributions to this success. Dr. Cheung expressed confidence that these firms will continue to support the Qianhai project and become the first enterprises to settle in the region.

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