Gold Holds Luster in China as Imports From Hong Kong Rise

China’s net gold imports from Hong Kong increased 40 percent in May from a month earlier as the metal’s deepening slump continued to attract bargain hunters to bullion shops.

Mainland buyers purchased 106 metric tons during the month, after deducting flows from China into Hong Kong, compared with 76 tons a month earlier, according to calculations by Bloomberg based on data from the Hong Kong government today. Inbound shipments including scrap were 127 tons, from 75.6 tons a year earlier and 126.1 tons in April.