Shanghai Gold Exchange eyes Hong Kong vault to promote yuan-denominated products

Quick Summary:

The new vault will be part of the exchange’s network that international clients use to manage bullion trading and storage.

Bank of China did not immediately respond to a request for comment.

At present, there are two such warehouses in Shanghai, plus a third in Shenzhen, just across the border from Hong Kong.

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Article Details

Author / Journalist: Bloomberg

Category: Business

Markets: Hong KongChina

Topics: Hong Products Kong Futures China Gold Bank Shanghai Exchange Yuan-denominated Been

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-06 @ 17:05:11 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 299 words

Reading Time: 2 minutes read

Sentences: 15 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 28435330

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