The Digester
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Hong Kong Courts Central Banks to Build Gold Clearing Hub

Hong Kong is recruiting China-friendly central banks to its gold-clearing system in a bid to elevate the city as a major bullion trading hub and rival London, according to people familiar with the matter.

Mar 27th 2026 ยท Hong Kong

Insights

  • Hong Kong has invited central banks aligned with China to join its gold-clearing system.
  • Officials are targeting countries participating in Beijing's Belt and Road initiative to provide institutional clout.
  • The initiative aims to position Hong Kong as an alternative bullion trading center to London.
  • People familiar with the matter spoke on condition of anonymity and did not specify which central banks were invited.

Sources