FINANCE

Hong Kong Ties Up With Shanghai Gold Exchange on Gold Ecosystem

Published: Jan. 19, 2026 5:52 p.m. GMT+8

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The Hong Kong government plans to sign a memorandum of understanding with the Shanghai Gold Exchange to jointly build a gold ecosystem, as the city looks to expand its role in global bullion trading.

The memorandum will be signed during the Asian Financial Forum in Hong Kong next week. Christopher Hui, Hong Kong’s secretary for financial services and the treasury, said Hong Kong will leverage its international reach to complement Shanghai’s market, strengthening gold price discovery at the national level.

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Hong Kong will sign an MoU with the Shanghai Gold Exchange to build a joint gold ecosystem and expand its global bullion trading role.
The deal, to be formalized at the Asian Financial Forum, aims to enhance gold price discovery and follows the June opening of Shanghai’s first offshore gold warehouse in Hong Kong.
Hong Kong is increasing airport gold storage and planning a central clearing system to boost its gold market infrastructure.

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Who’s Who

Shanghai Gold Exchange: The Shanghai Gold Exchange is a major player in the global gold market, accounting for over 90% of trading volume alongside London and New York. It is cooperating with Hong Kong to build a gold ecosystem and strengthen gold price discovery. The Shanghai Gold Exchange launched its first offshore gold delivery warehouse in Hong Kong in June, enabling offshore yuan-denominated physical gold settlement.

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