Hong Kong’s 2,000-Tonne Gold Vault Plan Gets Fresh Incentives as China Eyes Bullion Pricing Power
Hong Kong will offer support for gold refiners seeking LBMA certification and boost cross-border trade with mainland China, InvestHK said Thursday. The government aims to raise storage capacity to over 2,000 metric tons within three years. Beijing plans to manage overcapacity in heavy industries and expand strategic mineral stockpiles. China has increased gold reserves for 15 consecutive months through January.