🟡 Hong Kong to Sign MOU With Shanghai Gold Exchange — Gold Market Integration Boost
Hong Kong’s Financial Secretary Paul Chan said the city will sign a memorandum of understanding (MOU) with the Shanghai Gold Exchange at next week’s 19th Asian Financial Forum, paving the way for deeper cooperation in gold trading and clearing.
Key Points:
• The MOU will support development of a central gold clearing system in Hong Kong, aiming to enhance trading efficiency and liquidity.
• Hong Kong plans to start trial operations of the clearing system this year, inviting the Shanghai Gold Exchange to participate.
• This cooperation is part of Hong Kong’s bid to become a regional and global gold trading hub, linking with mainland Chinese markets.
Expert Insight:
Connecting Hong Kong and Shanghai gold markets may lower trading costs, boost liquidity, and enhance Asia’s role in global bullion trading, potentially attracting more international investors to the region.
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