HK, London Bullion Market Association exploring cooperation on delivery standards: Hui - The Standard (HK)

AI desk brief

Hong Kong and the LBMA are exploring cooperation on delivery standards as the city pushes to become a global gold trading hub. Hui said Hong Kong’s gold central clearing and settlement system is in trial operation, has been well received, and is close to linking with the real-time gross settlement system to enable delivery-versus-payment settlement and reduce operational friction.

The government is also courting private participation in storage and refining capacity, while considering tax concessions on top of current tax-free treatment for gold imports and exports. LBMA will co-host its Asia Forum with Hong Kong in April, reinforcing the city’s efforts to embed international standards and deepen connectivity with London and Swiss market participants.