Hong Kong steps up bid to become global gold trading hub with Shanghai agreement

Hong Kong will sign an accord with Shanghai next week to establish a cross-border gold trade clearing system, a move the finance chief has said will bolster the city’s push to become an international trading hub for the precious metal. Financial Secretary Paul Chan Mo-po revealed on Sunday that the city and the Shanghai Gold Exchange would sign a memorandum of understanding at next week’s Asian Financial Forum to pave the way for greater connectivity between the two markets. “We are accelerating...

Source: scmp.com at 1/18/2026 4:24:44 AM.

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