The Hang Seng Gold ETF (Exchange Traded Open Ended Index Fund) was listed on the Hong Kong Stock Exchange on the 29th, becoming the first ETF product in Hong Kong that can be exchanged for physical gold at banks. The listing of Hang Seng Gold ETF marks an important new chapter in the Hong Kong financial market, "said Xu Zhengyu, Director of the Financial Services and the Treasury Bureau of the Hong Kong Special Administrative Region Government, in his speech at the listing ceremony. In recent years, the demand for diversified reserves and asset allocation by sovereign states and investors has been increasing day by day, and the value of gold as a commodity, investment tool, and safe haven asset has further increased. Xu Zhengyu stated that the Finance and Treasury Bureau and the Shanghai Gold Exchange signed a cooperation agreement this week, which is an important milestone and lays a solid foundation for the Hong Kong Gold Central Clearing System to connect with the mainland market. They will jointly build a gold market that meets international standards, is trustworthy, highly transparent, and innovative. The head of the Hong Kong Stock Exchange's market, Yu Xueqin, said that this is the second time in nearly a decade that the Hong Kong Stock Exchange has seen a gold themed ETF product listed. With the launch of other gold themed ETFs, there will be more precious metal related products for investors to choose from in the market. The Chairman of the Hong Kong Securities and Futures Commission, Huang Tianyou, stated that the commission is pleased to see more innovation to expand market participation, enhance market resilience, and utilize cutting-edge tools such as blockchain to prepare the Hong Kong market for the future. The China Securities Regulatory Commission will adhere to bold and responsible innovation, welcome more valuable ideas, proposals, and products, and have confidence in creating more fruitful results for investors, the market, and Hong Kong. (New Society)