Hong Kong Exchanges and Clearing plans to relaunch gold futures trading in the coming months, according to remarks at a recent meeting, marking the city’s fourth attempt since 1980 to establish a gold futures market. Previous efforts failed due to weak trading volume and poor liquidity. Industry participants said Hong Kong authorities are this time pushing coordinated measures including clearing infrastructure upgrades, warehouse expansion and tax incentives, aiming to build a physical-delivery

Hong Kong Exchanges and Clearing plans to relaunch gold futures trading in the coming months, according to remarks at a recent meeting, marking the city’s fourth attempt since 1980 to establish a gold futures market. Previous efforts failed due to weak trading volume and poor liquidity. Industry participants said Hong Kong authorities are this time pushing coordinated measures including clearing infrastructure upgrades, warehouse expansion and tax incentives, aiming to build a physical-delivery ecosystem and strengthen Asia’s role in gold pricing, Yicai reported.