Hong Kong Begins Trial Operation of New Gold Clearing System
AI Summary
Hong Kong has launched a trial operation of a new gold clearing system supported by major banks. This move is a strategic step toward establishing Hong Kong as a key bullion-trading hub with price-setting capabilities.
Hong Kong has launched a trial operation of a new gold clearing system, backed by several major banks, in a key step toward its ambition to become a major bullion-trading hub with price-setting power.
World Politics Markets Deals Commodities Hong Kong gold clearing system trial operation major banks bullion-trading hub price setting