The Shanghai Gold Exchange (SGE) has made its first move beyond mainland China, launching two new gold contracts and opening an offshore bullion vault in Hong Kong.
- The initiative aims to boost China's influence in global commodities and currency markets while reinforcing Hong Kong’s status as a financial centre. Trading will be conducted in yuan, with settlement via cash or physical delivery—including through the new vault run by Bank of China’s Hong Kong unit. The two contracts, covering different gold purities, will debut Thursday. To encourage adoption, SGE is waiving vault fees through the end of the year.
