China’s Gold Imports From Hong Kong Jump to Highest Since 2013
- Net purchases climb 67% in December from a month earlier
- Swiss gold shipments to mainland China more than tripled
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China’s imports of gold from Hong Kong surged 67 percent to the highest level in more than two years in December as stock market turmoil and anticipation of a further weakening in the nation’s currency spurred demand for a haven.
Net purchases rose to 111.3 metric tons from 66.8 tons a month earlier and 58.8 tons a year ago, according to data from the Hong Kong Census and Statistics Department compiled by Bloomberg. Net buying increased to 774.1 tons in 2015 from 750.8 tons a year earlier and compared with a record 1,108.8 tons in 2013, the data show. Mainland China doesn’t publish the data.