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Hong Kong and Shanghai to Launch Cross-Border Gold Trade

1/18/2026

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Summary

Story summary

Financial Secretary Paul Chan Mo-po announced that Hong Kong will sign an agreement with Shanghai next week to create a cross-border gold trade clearing system.
The memorandum of understanding will be signed at the 19th Asian Financial Forum.
The central clearing system will improve reliability, efficiency, and liquidity in gold trading and reduce transaction costs.
The goal is to launch trial operations within the year.

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Story summary

Financial Secretary Paul Chan Mo-po announced that Hong Kong will sign an agreement with Shanghai next week to create a cross-border gold trade clearing system.
The memorandum of understanding will be signed at the 19th Asian Financial Forum.
The central clearing system will improve reliability, efficiency, and liquidity in gold trading and reduce transaction costs.
The goal is to launch trial operations within the year.