clearing system

Hong Kong’s gold imports reached a decade-high in June, driven by preparations for the city’s newly launched clearing system and strong demand from mainland China. The surge marks the highest level since late-2014.

Hong Kong’s US dollar gold futures trading hit a record high with 6,676 contracts traded, driven by a fee waiver and efforts to establish the city as an international gold trading hub. The previous record of 3,039 contracts was set in November 2022.