The global rally in gold prices shows no sign of fatigue. While retail and institutional investors have played their part, a crucial driver of the surge has been sustained buying by central banks. Even at elevated prices, monetary authorities across the world have continued to accumulate bullion, underscoring gold’s enduring role as a strategic reserve…
The HK$4.4 billion (US$564 million) donated for Tai Po fire victims will grow gradually with interest earned from fixed deposits, the home affairs minister has told the Post, adding the money will also fund long-term resettlement. In an exclusive interview with the Post on Friday, Secretary for Home and Youth Affairs Alice Mak Mei-kuen said…
When BlackRock’s chairman Larry Fink declared in his annual letter that “every stock, every bond, every fund – every asset – can be tokenised”, he wasn’t forecasting some distant revolution. He was describing a shift already under way – one that is beginning to reshape how capital is formed, how assets are distributed and who…
China shrank its holdings of US Treasuries in March, with the UK replacing it as the No. 2 overseas owner. The month, which preceded the April turmoil in the Treasuries market, saw a second straight jump in foreign purchases, to a fresh record high. Total overseas holdings rose $233.1 billion, to $9.05 trillion, Treasury Department…