EconomyExchange Fund weighs bigger gold holdings to support Hong Kong’s trading hub plan
Hong Kong’s Exchange Fund is considering raising its holdings of gold and other precious metals as the government seeks to develop the city into a gold-trading hub. HKMA chief executive Eddie Yue said the fund would continue to invest mainly in US-dollar assets to support the Hong Kong dollar’s peg.
Exchange Fund weighs bigger gold holdings to support Hong Kong’s trading hub plan
Economy