Hong Kong Targets July Launch for New Gold-Clearing System
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0.287 · RIGHT
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0.143 · CENTER
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Article Excerpt
Article content (Bloomberg) — Hong Kong plans to launch a new gold-clearing system by July, advancing the city’s ambitions to become a global hub for bullion trading. Article content The government-owned mechanism will mirror the financial infrastructure used in London, the world’s largest bullion market, and allow participants to settle trades through unallocated accounts, people familiar with the matter said, requesting anonymity as they are not authorized to speak to the media. Article content Article content Unallocated accounts allow for faster and more scalable trading, which is importan…
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Jun 3, 2026