Hong Kong’s Chinese Gold & Silver Exchange Society is beginning trading bullion in yuan on Monday, Bloomberg reports. Trading volumes may be increased by up to 30 percent, or $5.143 billion a day, during the next six months, through the Renminbi Kilobar Gold contracts, adds FinanceAsia.

The gold product may generate nearly $770 million in trades a day, said exchange president Haywood Cheung. Initially, 25 members of the century-old bullion bourse will participate in yuan-denominated gold trading. The members include Luk Fook Holdings (International) and Hang Seng Bank. The society, with 171 active members, may look at adding trade in silver in the Chinese currency at a future date.

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