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China launches yuan-settled gold delivery vault network

8/25/2026

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Summary

Story summary

China is building a global gold-vault network to boost the yuan in international trade.
Beijing reclassified gold as a “strategic mineral” in 2025, enabling the vault strategy.
Mainland China opened a gold delivery vault in Hong Kong last year, with Bank of China (Hong Kong) as operator.
The Shanghai Gold Exchange listed two new yuan-denominated gold contracts settled by physical delivery or cash.

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Story summary

China is building a global gold-vault network to boost the yuan in international trade.
Beijing reclassified gold as a “strategic mineral” in 2025, enabling the vault strategy.
Mainland China opened a gold delivery vault in Hong Kong last year, with Bank of China (Hong Kong) as operator.
The Shanghai Gold Exchange listed two new yuan-denominated gold contracts settled by physical delivery or cash.