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Xingtuo Gold Trading Competes with Hong Kong to Become a Hub
March 28, 2026
Star Gold Trading and Hong Kong Compete to be the Hub
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Hong Kong is working to develop an “International Gold Trading Center,” reportedly aiming to involve central banks from countries participating in the Belt and Road Initiative in the construction of a central gold clearing system. Singapore is also ambitious, announcing on Friday (the 27th) its comprehensive strategy to advance as Asia’s gold trading hub, attempting to seize a key position in regional gold pricing, trading, settlement, and storage, directly competing with Hong Kong. The Singapore government stated that both Singapore and Hong Kong can leverage their respective advantages and coexist, …
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