China Opens First Offshore Gold Vault and Contracts in Hong Kong The Shanghai Gold Exchange has expanded outside mainland China for the first time, with the roll out of two new contracts and a bullion vault in Hong Kong. The launch serves a number of purposes, from broadening the Shanghai exchange’s international reach, to strengthening China’s clout in commodity and currency markets and Hong Kong’s status as a financial center.
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China Opens First Offshore Gold Vault and Contracts in Hong Kong

The Shanghai Gold Exchange has expanded outside mainland China for the first time, with the roll out of two new contracts and a bullion vault in Hong Kong.

The launch serves a number of purposes, from broadening the Shanghai exchange’s international reach, to strengthening China’s clout in commodity and currency markets and Hong Kong’s status as a financial center.