NEW YORK, July 6, 2015 /PRNewswire/ -- Man Loong Bullion Company Limited, a well branded e-trading member (No. 229) of the Chinese Gold & Silver Exchange (CGSE), is a wholly-owned subsidiary of eBullion, Inc (OTCQB:EBML). eBullion, Inc has been actively assisting CGSE for the "Shanghai-Hong Kong Gold Connect" to help Man Loong Bullion Company Limited to enter and the Chinese market. Also, Man Loong is going to set up a company in Qianhai to seize opportunities and develop a new path for Hong Kong.
CGSE is going to celebrate the Inauguration of the 44th Term Executive & Supervisory Committees of CGSE, the 105th Anniversary of CGSE and the Launch of "Shanghai-Hong Kong Gold Connect". The event will take place at the Hong Kong Convention and Exhibition Centre on 10 July 2015. Also, JP The Honourable John C Tsang GBM, JP, Financial Secretary of The Government of Hong Kong SAR and Chan Sheung Chi, Steven, President will be our officiating guests.
"Shanghai-Hong Kong Gold Connect" is the second large project right after "Cross-Border Investment Scheme". After the implementation of "Shanghai-Hong Kong Gold Connect", the policy can benefit both the gold trading markets of Hong Kong and mainland China. After the implementation of "Shanghai-Hong Kong Gold Connect" we believe that Chinese investors will be able to invest in this new gold trading market through Man Loong's offices in China, as we are among the first batch of companies that can legally enter the market.
The Chinese gold trading market is going to be the main wave. It is going to attract a lot more investors to enter the gold market. And we can lead our local market into the China market and achieve a win-win solution to benefit both of the markets, promote common prosperity and progress for both the Hong Kong and mainland China gold trading markets.
This press release contains forward-looking statements that may involve risks and uncertainties. The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. When used in this press release, the words "plan", "target", "anticipate," "believe," "estimate," "intend" and "expect" and similar expressions are intended to identify such forward-looking statements. Such forward-looking statements include, without limitation, the statements regarding eBullion's strategy, future plans for business development, future expenses and costs, future liquidity and capital resources, and estimates of business profit. All forward-looking statements in this press release are based upon information available to eBullion on the date of the release, and eBullion assumes no obligation to update any such forward-looking statements. Forward looking statements involve a number of risks and uncertainties, and there can be no assurance that such statements will prove to be accurate. The company's actual results could differ materially from those discussed in this press release. In particular, there can be no assurance that business development will continue at any specific progress. Factors that could cause or contribute to such differences include, but are not limited to, those discussed in the company's 10-K filed with the U.S. Securities Exchange Commission.