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<Commodity>Zhang Dexi Expects 10+ Refineries/ Gold Dealers to Establish Operations in HK Within Yr
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Following the signing of a memorandum of understanding (MOU) with Shenzhen last November to deepen gold cooperation, Hong Kong signed a gold development agreement with Shanghai again last month. Zhang Dexi, Chairman of the Hong Kong Gold Exchange (HKGX), said that dozens of refineries have approached the HKGX in recent months. Some seek membership, while others aim to collaborate with members. Zhang believed that many refineries and gold dealers will establish operations in Hong Kong. Based on current trends, he expected over ten mainland Chinese and overseas entities to set up in Hong Kong within this year. The Hong Kong government's goal is to have gold storage exceeding 2,000 metric tons within three years, establishing Hong Kong as a regional gold storage hub. AAStocks Financial News Website: www.aastocks.com |
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