China opens first offshore gold vault in Hong Kong

GATA.org ^ | 26 Jun 25 | Yihui Xie and Sybilla Gross

[delta7]

The Shanghai Gold Exchange has expanded outside mainland China for the first time, with the rollout of two new contracts and a bullion vault in Hong Kong.

The launch serves a number of purposes, from broadening the Shanghai bourse's international reach, to strengthening China's clout in commodity and currency markets and Hong Kong's status as a financial center.

Trading will be conducted in yuan and settled by cash or physical delivery, including to the new vault operated by Bank of China Ltd.'s Hong Kong unit, the SGE said in a statement.

The two contracts covering different purity levels will debut today. To attract traders, the exchange said it will waive fees at the vault through the end of the year. ...

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TOPICS:
KEYWORDS: gold

[delta7]

While we are still waiting for the Ft Knox Gold audit, China is opening up Gold vaults and international Gold trading markets….and no paper gold allowed.

“ Those who hold the Gold, makes the rules”.

President Trump Easter Sunday 2026

[delta7]

Correction:

“ He who holds the Gold, makes the rules”.

Easter Sunday 2025

[BenLurkin]

The must have really good insurance.

[Seruzawa]

What the commies can give, the commies can take away.

[GaltAdonis]

Probably ‘Will’, not ‘Can’.

[delta7]

For a minute I thought you were talking about the West, stealing $300 billion of Russia’s Sovereign fund…..which by the way has had huge consequences.

[KarlInOhio]

Doesn't "off shore" usually mean "outside the country" rather than "on an island that is part of the country". Unless they are trying to maintain the illusion than Hong Kong is still independent.

Calling Hong Kong off shore would be like calling the Kodiak Island Gold Reserve off shore. It's just like Fort Knox, but with hungry bears guarding it.

[delta7]

The Shanghai Gold Exchange is also to open two more offshore Gold exchanges up, Singapore and Malaysia I believe. Keep in mind they have already overtaken the US Comex (paper) gold market. They are leading in physical Gold trading, NOT good for the West.

https://en.sge.com.cn/

Also note, “ What you need to know about physical trading contracts
SGE’s physical trading is a full amount trading, the participants must have full amount of fund or physicals before placing orders.
After the settlement, SGE will credit the revenue to seller’s account, and the physicals to buyer’s account on T+0. On T+1, physicals or cash can be withdrawn.”…..

in other words, NO phony paper like the Comex, and they promise T+0 and T+1 delivery days. The western Comex and LBMA has recently taken up to T+8 WEEKS for delivery….they are being drained.

“ He who has the Gold ( China) makes the rules”

[delta7]

Also note the long list of members, JP Morgan to name one, it will blow your mind.

https://en.sge.com.cn/membership_ListofMembers_internationalboard

President Trump had better get busy and audit our Gold reserves, if not, we are barreling into a massive train wreck.

[Lockbox]

outside mainland China for the first time, with the rollout of two new contracts and a bullion vault in Hong Kong

Honk Kong is owned, controlled and connected to China. Nice marketing scam…….