Hong Kong Targets London’s Gold Crown With July Clearing Launch and 11-Bank Board

Hong Kong is moving to crack London’s grip on global gold trading, with a government-backed clearing system set to go live by July and a board spanning eleven banks from New York to Beijing assembled to make it credible. The Financial Services and the Treasury Bureau confirmed preparatory work has crossed into its final stretch. […] The post Hong Kong Targets London’s Gold Crown With July Clearing Launch and 11-Bank Board appeared first on the deep dive.