Full chain traceability safeguards investment security: Jinrong China implements transaction codes to promote industry transparency

After a gold transaction is completed, investors usually see the transaction record in their account. But if you want to further confirm the transaction information corresponding to this transaction, besides the platform order records, are there any other bases that can be queried and verified?

With the continuous digitization of precious metal trading, the speed of order generation and transaction is getting faster, and there is also an information distance between investors and the actual trading process. Visible transaction results may not necessarily lead to further understanding of the specific information corresponding to this transaction.

Under the trading mechanism of the Hong Kong Gold Exchange, trading codes provide a more specific way of verification. For investors, it can be understood as an identification code corresponding to a gold or silver transaction that complies with the relevant mechanisms of the Hong Kong Gold Exchange. Unlike the order number set by the trading platform itself, the transaction code corresponds to the relevant transaction registration and verification mechanism, and is not a series of numbers unilaterally generated by the platform.

According to publicly available information from the Hong Kong Gold Exchange, only Hong Kong Gold Exchange employees are recognized as electronic traders. Investors trade London gold through accredited electronic traders/After the silver transaction, the trader can register relevant trading information with the exchange within the specified time after the transaction. The exchange will verify whether the trading time and price of the declared transaction comply with the current market price, and issue a trading code to the trader after meeting the relevant requirements. Interbank members trade London gold through the exchange's electronic trading platform/Silver transactions can automatically obtain transaction codes.

This means that after a transaction is completed, investors can not only view their own order records through the platform account, but also further verify their own order records through the official trading code verification channel of the Hong Kong Gold Exchange after obtaining the transaction code. They can enter the verification key and trading code, query the transaction date, contract type, transaction number, buying and selling direction, transaction price, quantity and other information, and compare them with their own order records.

This comparison may seem like an additional step, but in reality, it adds an extra layer of basis for querying and verifying transaction information. For example, when investors have doubts about the transaction time, price, quantity, and other information of a certain order, they can query the corresponding information through the transaction code.

For precious metal trading platforms, this also means that transaction transparency cannot be limited to page display and order recording, but needs to be implemented in specific trading mechanisms and information tracking. Jinrong China as the Hong Kong Gold ExchangeAAclass084The relevant transaction coding mechanism has been implemented by the bank clerk. After completing the relevant transaction, investors can obtain the transaction code and check the corresponding information through the official channels of the Hong Kong Gold Exchange, and then verify it with their own order records.

A series of transaction codes may seem small, but they give a clearer correspondence to a transaction. For the constantly electronic gold market, trading speed can become faster and faster, but trading information also needs to be kept clear and searchable records. Through the specific mechanism of transaction encoding, transactions are processed from“complete”Going further“Can be checked and verified”As a result, transparent trading has a more specific landing point.