The Chinese Gold and Silver Exchange Society operates in Hong Kong as a registered society. At present, we have 171 member firms which are sole proprietorships, partnerships or limited companies. Among these 171 firms, 30 are bullion group members. Bullion group members who want to manufacture good delivery bars may apply for the qualification of accredited refineries. Upon accreditation, these member firms may produce 99% fineness 5-tael gold bullions and 999.9% 1-kg gold bullions for delivery on the Exchange. The bullions they produce also circulate widely in the open market. To encourage more industry players to participate in spot gold market, we accept settlement accreditation applications from non members. The Members General Meeting is the highest authority of the Exchange. Twenty one members of the Executive & Supervisory Committees are elected once every two years in June. In this biannual election, each member firm has one vote. When the Members General Meeting is adjourned, the Executive & Supervisory Committees are the highest decision-making authority. They are responsible for implementing policies, effecting development plans and monitoring their effectiveness. To ensure effective performance of the many tasks of the Executive & Supervisory Committees, there are several subordinate groups. Administration work of the Exchange is carried out by the General Manager.

 
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