Hong Kong Unveils 5-Year Gold Hub Plan to Expand Yuan Use
Updated
Updated · Bloomberg · Sep 17
Hong Kong Unveils 5-Year Gold Hub Plan to Expand Yuan Use
3 articles · Updated · Bloomberg · Sep 17
Summary
Hong Kong’s first-ever five-year plan casts a global gold hub as a new growth driver, with the government releasing priorities to build out the sector.
The plan says gold will serve as an entry point for trading other commodities and for expanding the yuan’s use in global markets.
A one-stop gateway for gold storage, trading and clearing is central to the strategy, which the document says will fully leverage gold’s role as a strategic asset.
The gold push adds to broader five-year goals unveiled this week by Chief Executive John Lee to create new growth engines and reinforce policy continuity for investors.