Hong Kong may build gold warehouse for China

Hong Kong may soon build a bonded warehouse at its airport to store gold and make the Chinese territory a regional trading hub while feeding rising demand from mainland China, industry officials were quoted as saying on Tuesday 21 February.

The Chinese Gold and Silver Exchange Society, Hong Kong's sole spot gold market, has lobbied the government to set up the bonded warehouse for three years, a senior official with the industry body told Reuters.

"The time is probably mature," the official said

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Geoeconomic reserve management

The world order is evolving. Whether, and how, the international economy remains integrated or shifts into spheres of influence has consequences for central bank policy and reserve management.

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