Svmuu News: Tsang Kai-chi, Head of Market Finance and Strategic Clients for Standard Chartered’s Hong Kong, Greater China, and North Asia regions, stated that Standard Chartered is exploring the feasibility of establishing its own gold storage facility in Hong Kong and is currently considering various potential locations. If the plan is implemented, Hong Kong is expected to become the first market where Standard Chartered Group operates its own gold storage facility, making it one of the few banks to do so in Hong Kong. Currently, Standard Chartered already offers services such as physical gold trading and related options financing to its Commercial and Investment Banking (CIB) clients. If the in-house gold storage facility is established, the bank will be able to expand its comprehensive gold trading services from execution and settlement to include storage. (Caixin)