Hong Kong Precious Metals Central Clearing Company – Charm

Hong Kong, Singapore square off in race to become world’s gold trading hub

5 months ago02 mins

Hong Kong and Singapore have crossed swords over their ambitions to be the world’s gold trading hub, but experts say the city holds an advantage over its Southeast Asian rival, citing its access to mainland China’s robust market. As Hong Kong pushed ahead with measures to create an ecosystem for gold trading – highlighted as…

Explainer | Why Hong Kong is turning to Shanghai to build a gold hub

6 months ago02 mins

Hong Kong has struck a deal with the Shanghai Gold Exchange (SGE) to deepen cross-border connectivity in bullion trading, as the city steps up efforts to build a broader gold ecosystem spanning trading, clearing and storage. The agreement comes as gold prices hit a record high of US$5,110 per ounce on Tuesday morning, buoyed by…