Hong Kong to Sign MOU With Shanghai Gold Exchange, Chan Says

Hong Kong will sign a memorandum of understanding with the Shanghai Gold Exchange at the upcoming Asian Financial Forum, according to the city’s Financial Secretary Paul Chan.

The government will also announce the latest plan to strengthen the development of the central clearing system for gold and to lay the groundwork for future connectivity with mainland Chinese markets, he wrote in a blog on Sunday. The city aims to commence trial operation of the clearing system within this year and will invite the Shanghai Gold Exchange to participate in it, Chan added.