Key facts
- Hong Kong launched a central clearing system for gold on Tuesday.
- Hong Kong revived gold futures trading.
- The Hong Kong Gold and Silver Exchange Society has joined the Shanghai Gold Exchange.
- The membership aims to foster cooperation and integration between the two markets.
Hong Kong launched a central clearing system for gold on Tuesday and revived gold futures trading as it seeks to become a regional reserve hub for the precious metal. The Hong Kong Gold and Silver Exchange Society, the city's gold clearing and settlement firm, has joined the Shanghai Gold Exchange. This integration is expected to strengthen collaboration and market connectivity between the two significant gold trading hubs.