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Hong Kong’s share of global gold, wealth flows is rising fast as China’s market evolves
Hong Kong is quickly increasing its share of the global gold and investment market as it leverages its unique geographical and financial advantages to support China’s economic and financial growth, and the latest data and projections indicate that the trend is likely to accelerate in the coming years. On the gold front, China's net gold imports via Hong Kong rose by 81.2% in April from March, the Hong Kong Census and Statistics Department’s data showed on Thursday. China, the world's top gold consumer, imported a net 86.715 tonnes in April, nearly doubling the 47.866 tonnes in March, the data showed. And recent ... (full story)