The Shanghai Gold Exchange (SGE) has made its first move beyond mainland China, launching two new gold contracts and opening an offshore bullion vault in Hong Kong.
The initiative aims to boost China's influence in global commodities and currency markets while reinforcing Hong Kong’s status as a financial centre. Trading will be conducted in yuan, with settlement via cash or physical delivery—including through the new vault run by Bank of China’s Hong Kong unit. The two contracts, covering different gold purities, will debut Thursday. To encourage adoption, SGE is waiving vault fees through the end of the year. This article was written by Eamonn Sheridan at www.forexlive.com.Hence then, the article about china s gold exchange expands offshore with new contracts and vault in hong kong was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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