EconomyHong Kong gold imports fall 18% in July as mainland giants rush to build vaults
Gold entering Hong Kong declined to about 107 tonnes in July, even as mainland corporate buyers invested heavily in new bullion vaults. Non-monetary gold imports dropped around 18% from June, when banks built inventories ahead of the July 7 trial launch of the city’s gold clearing and settlement system, pushing imports to a decade high.
Hong Kong gold imports fall 18% in July as mainland giants rush to build vaults
Economy