Hong Kong Gold Storage Capacity to Surge 100% to 2,000 Tons

HK launches central gold clearing system and yuan futures trials, aiming for 2,000-ton storage capacity in three years to expand offshore yuan liquidity.

Woofun AI reports that Hong Kong has initiated trial operations for a central gold clearing and settlement system. The city aims to expand total gold storage capacity to over 2,000 metric tons within three years. Authorities are also exploring yuan-denominated gold futures while reviving US dollar-denominated contracts. These measures seek to enhance offshore yuan funding access and provide institutions with non-dollar settlement routes.