Singapore Bullion Market Association

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Article List


By Albert Cheng, CEO, SBMA

Published on March 28, 2019

It has been a busy quarter for us, meeting various stakeholders both in and around the region, planning for educational seminars/networking events, and gearing up for our annual conference in June. Here is an update of our activities in the past quarter:

December 13

SBMA held a pre-strategy review brainstorming meeting before organising a full strategic review committee meeting in early January.

January 21-22

DCE Gordon Cheung visited precious metals related companies in Hong Kong and Shenzhen as part of an outreach trip.

January 23

SBMA held a brainstorming session to discuss the association’s strategy for 2019.

February 15

SBMA organised a briefing for members on AML/CFT for the PSMD sector. Read the event summary on page 15.

Participants at the AML/CFT briefing session
February 26

SBMA held its second stakeholders brainstorming session on regulatory matters related to Internet Investment Gold including Tokenised Gold.

March 21

Albert represents SBMA at Chow Tai Fook’s annual dinner in Hong Kong.

From left, Albert Cheng (CEO, SBMA), Kent Wong (MD, Chow Tai Fook), Tsang Pang, President, Asia Jewellery and Simon Yau (Senior Consultant, Metals Focus) at Chow Tai Fook’s Annual Dinner 2019.

Exploratory Meetings

During the quarter, we held meetings with the following companies: Andrew Jones, Baird & Co., Clean Mining, Digix Global, Dillon Gage Asia, ECO-Mastermelt, Foresight Bullion India, Grey Innovation, HSBC China, In Gold We Trust Report, Ingenique Solutions, J.Rotbart & Co., Jacaranda Capital Partners, Mileage Communications, Ministry of Law, Nu Fortune Gold, SMU Academy, Perfect Page, Precious Metals Insight, SK Bullion, and Sumitomo Corporate Global Commodities on membership and matters related to market development.


Onboarding of ECO-Mastermelt and Vrobal Energy & Resources as Local Associate Corporate Members, and Foresight Bullion India as Foreign Associate Corporate Member.

As of 31 March 2019, SBMA’s total membership consists of 48 companies, including three Category 1 members, 34 Local Associate Corporate members, nine Foreign Associate Corporate members, and two Affiliate members.


1 April 2019. Carlton Hotel. Singapore.

Launch of Metals Focus Annual Gold Focus 2019 report, organised by SBMA

Gold Focus is Metals Focus’ flagship annual publication on the gold market that provides an indepth analysis of key developments in the market, including historical and forward-looking statistics. Nikos Kavalis, Founding Partner of Metals Focus, will be delivering a presentation of the findings of the report at the seminar. For more information please contact Lynn Yap at

7 May 2019. HKEX Connect Hall. Central, Hong Kong.

LME Asia Week 2019

Every year industry leaders and key market players from the metals and financial communities attend LME Asia Week in Hong Kong to discuss the Asian commodities industry and network with peers and clients. For more information please visit:

9-11 June 2019. PARKROYAL on Beach Road. Singapore.

Asia Pacific Precious Metals Conference (APPMC) 2019

Organised by SBMA and supported by Enterprise Singapore, APPMC aims at developing and strengthening a unified body in the Asia Pacific for the bullion market. This year marks the 25th anniversary of SBMA so come join us in celebrating SBMA’s Silver Jubilee at the conference. More information, updates and details of past conferences are available at Participants at the AML/CFT briefing session