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The Economic Times

Hong Kong launches central gold clearing system and resumes gold futures trading to bolster bullion hub ambitions

AI Market Summary
Hong Kong's launch of a gold central clearing system, revival of gold futures, and the new "Delivery Connect" link with the Shanghai Gold Exchange strengthen regional market plumbing for bullion trading, settlement, and cross-border delivery. Planned tax incentives and potential RMB-denominated gold futures could deepen liquidity and broaden participation, supporting Hong Kong's ambitions as an Asian bullion hub and reinforcing gold's role amid elevated safe-haven demand.
Impact level
● Medium
Affected assets
NCCOGOLD2USD/USDT-0.31%
AI Insight · NCCOGOLD2USD/USDTAI Insight
▲ Bullish
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Hong Kong launched a central clearing system for gold and resumed gold futures trading as it pushes to strengthen its role as a regional bullion hub. The city also rolled out “Delivery Connect” with the Shanghai Gold Exchange to facilitate cross-border gold delivery and settlement. Authorities said they will consider launching yuan-denominated gold futures and introduce tax incentives to support trading and settlement, according to Reuters.
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