Hong Kong launched a central clearing system and revived gold futures trading. These initiatives aim to strengthen the city's gold trading infrastructure. Tax incentives will also support gold trading and settlement activities. A "Delivery Connect" scheme facilitates cross-border gold settlements with Shanghai. Hong Kong seeks to become Asia's leading gold trading center.

MPFA to relax gold ETF investment approval rules as part of Hong Kong government’s push to turn the city into a regional gold trading hub.

The surge comes as the city pushes to become a global bullion trading and storage hub.