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Hong Kong recently launched a trial of a centralised gold clearing and settlement system, part of broader efforts to strengthen its bullion ecosystem. Photo: Shutterstock
Gold in Hong Kong

Hong Kong gold imports fall 18% in July as mainland giants rush to build vaults

While monthly shipments cool from record highs, banks and logistics giants are racing to secure physical space for the city’s rising bullion trade.

Yuan

How a China gold vault network could promote the yuan’s international reach

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US Federal Reserve

US Treasury bond buy-back reinforces gold debasement trade ahead of Jackson Hole

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Gold in Hong Kong

HKEX gold futures smash delivery record as US sanctions reshape trade

The milestone more than doubles the previous peak recorded in 2018.

Hong Kong has introduced a range of measures in recent years aimed at turning the city into a major gold trading centre. Photo: Getty Images
Hong Kong has introduced a range of measures in recent years aimed at turning the city into a major gold trading centre. Photo: Getty Images
Banking & finance

Hong Kong taps tech strength in joint venture to power gold settlement

Alibaba Cloud among partners chosen to create a platform for Hong Kong’s gold clearing and settlement system next year.

Banking & finance

Reduce your exposure to US assets before they lose value, Swiss bank warns

Swiss private bank says structurally high inflation and government deficits will erode value of US dollar and Treasuries over the next decade.

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Gold in Hong Kong

Why Fed moves trump geopolitical risks, China gold buying in analysts’ forecasts

Bullion forecasts have softened, LBMA’s survey shows, despite the World Gold Council reporting unprecedented demand in second quarter.

The outlook for gold marks a significant retreat from the bullishness seen at the start of the year. Photo: dpa
The outlook for gold marks a significant retreat from the bullishness seen at the start of the year. Photo: dpa
Gold in Hong Kong

Gold’s price potential still ‘explosive’ amid Beijing hoarding

Rising demand from central banks to drive a rebound despite temporary downside pressure from energy and interest rates, Goldman Sachs says.

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Commodities

China’s commodities footprint guards against global energy shocks: Goldman Sachs

Analysts at investment bank say Beijing has become de facto ‘volatility arbiter’ for global commodity markets.

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Banking & finance

China’s CIPS to become settlement norm in Mongolia within 2 years: Golomt Bank

Six months after Golomt adopted the technology, 96 per cent of yuan payments moved from Swift to China’s payment system, the bank says.

A CIPS logo is displayed on a smartphone. Photo: CFOTO/Future Publishing via Getty Images
Electric & new energy vehicles

Rising raw material costs hit Chinese carmakers’ profit margins, price war plans

Net earnings from the sale of a 100,000 yuan car now stand at just 1,500 yuan, according to China Association of Automobile Manufacturers.

Chinese-made MG Cyberster electric vehicles wait to be loaded onto a ship for export at a car yard in Yantai, Shandong province, last month. Photo: AFP
Chinese-made MG Cyberster electric vehicles wait to be loaded onto a ship for export at a car yard in Yantai, Shandong province, last month. Photo: AFP
China’s private sector

Meet Yu Donglai, founder of China’s viral supermarket chain and premier’s guest

Yu’s company has caught the public’s attention for its business practices and high-quality goods.

China’s private sector

What would 200% US tariffs on generic drugs mean for China’s pharmaceutical industry?

Analysts say that China’s pivot from generics to innovative drugs means the industry is less exposed to US levies.

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Commodities

China’s resources deals turn gold mines into – gold mines

Chinese gold producers, after a buying spree for mines abroad, are cashing in as the metal’s price goes sky-high.

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Gold prices remain highly elevated despite a recent sell-off, boosting the earnings of Chinese gold mining firms. Photo: AFP
China’s private sector

Are diamonds over? Chinese gem lab cashes in as world embraces artificial stones

Lab-grown diamond maker Power Diamond sees profits triple as De Beers warns of ‘protracted’ challenges in natural stone market.

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Demand for natural diamonds has slumped as consumers opt for cheaper lab-grown stones. Photo: Shutterstock
Demand for natural diamonds has slumped as consumers opt for cheaper lab-grown stones. Photo: Shutterstock
Energy

Blockbuster earnings: how China’s lithium giants are cashing in on energy race

Soaring profits at Tianqi and Ganfeng highlight how global demand for energy independence is powering China’s lithium edge.

Banking & finance

Hong Kong exchange lures listings from Canada, Indonesia, Kazakhstan

Bourse expected to see influx of international issuers in year’s second half, led by consumer goods and services companies, according to PwC.

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Gold in Hong Kong

China gold ETFs see record US$2.91 billion outflow in June as risk appetite returns

Global gold market trading volumes averaged a record US$488 billion per day during the first half of the year.

Five-tael (190 gram) gold bars are seen at a jewellery store in Hong Kong in this file photo taken August 11, 2011. Photo: Reuters
Five-tael (190 gram) gold bars are seen at a jewellery store in Hong Kong in this file photo taken August 11, 2011. Photo: Reuters
Banking & finance

China extends gold-buying binge to 20th month in Beijing’s de-dollarisation push

PBOC’s bullion holdings keep rising as forex reserves dip in June to US$3.42 trillion and the central bank seeks security from sanctions and US market volatility.

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Business of climate change

Peak oil: China’s crude demand set to fall as EV bets ease Hormuz fears

China now faces the challenge of persistent refining overcapacity as ongoing electrification slashes fuel demand, CNPC official says.

Gold in Hong Kong

Hong Kong inaugurates trial operation of gold clearing and settlement system

Chief Executive John Lee announces ‘milestone’ for city’s gold trading ecosystem at Hong Kong FIC & Bond Connect Summit.

Gold bars and coins at a precious metals dealership. Photo: DPA
Gold in Hong Kong

Why Hong Kong’s US dollar gold futures trade just hit a record high

The surge comes as the city pushes to become a global bullion trading and storage hub.

Gold bars photographed at The Chinese Gold & Silver Exchange Society’s Chinese New Year opening ceremony in Sheung Wan, Hong Kong, in February 2019. Photo: SCMP/Dickson Lee
Gold bars photographed at The Chinese Gold & Silver Exchange Society’s Chinese New Year opening ceremony in Sheung Wan, Hong Kong, in February 2019. Photo: SCMP/Dickson Lee
Electric & new energy vehicles

Beijing opens lithium futures to foreign traders to cement pricing power over US

Miners, battery makers and traders outside China can now trade lithium carbonate futures and options on the Guangzhou Futures Exchange.

Mandatory Provident Fund (MPF)

Exclusive | All that glitters: Hong Kong pension fund to offer more gold ETFs

MPFA to relax gold ETF investment approval rules as part of Hong Kong government’s push to turn the city into a regional gold trading hub.

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Banking & finance

Major Chinese banks suspend individual gold trading amid global volatility

Risk controls intensify as banks seek to curb leveraged trading despite expectations of resilient long-term gold demand.

Pure gold bars in Shanghai, China on March 15. Photo: CFOTO/Future Publishing via Getty Images
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