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China Central Bank Adds Gold in Hong Kong to Support Trading Hub

Bloomberg Markets Friday 07 August 2026, 01:01 UTC By Bloomberg News 1 min read
Key Points

China Central Bank Adds Gold in Hong Kong to Support Trading Hub China’s central bank is stockpiling more gold in Hong Kong, according to people familiar with the matter, in a move that’s likely to support the city’s push to become a major bullion-trading hub. The People’s Bank of China has built up inventories in Hong Kong over the past few months, said the people, who asked not to be named discussing private matters. The latest additions are accelerating a longer-term trend whereby the...

China Central Bank Adds Gold in Hong Kong to Support Trading Hub China’s central bank is stockpiling more gold in Hong Kong, according to people familiar with the matter, in a move that’s likely to support the city’s push to become a major bullion-trading hub. The People’s Bank of China has built up inventories in Hong Kong over the past few months, said the people, who asked not to be named discussing private matters. The latest additions are accelerating a longer-term trend whereby the PBOC has been moving some of its gold reserves back home from London, they added.
China Central Bank Adds Gold (ORG) Hong Kong (LOCATION) The People’s Bank of China (ORG) PBOC (ORG) London (LOCATION)
Originally published by Bloomberg Markets Read original →

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