Hong Kong’s bridge of gold completes China’s yuan ambition

Beijing’s push to accumulate gold serves a larger goal: yuan internationalisation.

In this series, Part I traces China’s path to becoming a gold superpower, while this article explores Hong Kong’s key role in safeguarding the nation’s financial security. In 2013, one-third of the world’s traded gold passed through Hong Kong. That year, the city imported 1,158 tonnes of bullion, overtaking India, the traditional top…