Hong Kong Begins Trial Operation of New Gold Clearing System

Hong Kong has launched a trial operation of a new gold clearing system, backed by several major banks, in a key step toward its ambition to become a major bullion-trading hub with price-setting power. Hong Kong has launched a trial operation of a new gold clearing system, backed by several major banks, in a key step toward its ambition to become a major bullion-trading hub with price-setting power.