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Hong Kong has signed an agreement to introduce a gold refinery, aiming to boost its gold storage capacity to over 2,000 tons within three years to solidify its status as an international gold hub.
Hong Kong has confirmed agreements with Switzerland's Valcambi and China's Point Gold International to establish a local gold refinery in Hong Kong. This move is a significant step by Hong Kong's Office for Attracting Strategic Enterprises (OASES) toward building an international gold trading center, aiming to increase gold storage capacity to over 2,000 tons within three years. Analysts believe this will enable Hong Kong to form a complete gold trading ecosystem, enhance its status as a global gold vault, and potentially become a key market for gold price setting.
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