China to ‘expand the country’s market share and influence on prices in the international gold market’ – Hong Kong official | Metals Mine

  • China to ‘expand the country’s market share and influence on prices in the international gold market’ – Hong Kong official

    From kitco.com

    Hong Kong is intensifying its efforts to become an international gold trading center, supporting China’s broader ambition to cement its influence over global bullion markets amid a shifting geopolitical landscape and record-high prices, according to local officials. Joseph Chan Ho-lim, Hong Kong’s Undersecretary for Financial Services and the Treasury, announced at the first gold trading session of the new Year of the Horse that the government intends to make a “full push” to transform the city into a regional gold storage and trading hub. “We will expand the country’s market share and influence on prices ... (full story)

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