The game changer in Hong Kong’s gold ambition? Shenzhen’s jewellery hub
Por Chow Chung-yan — South China Morning Post – News feed
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Opinion Chow Chung-yan The game changer in Hong Kong’s gold ambition? Shenzhen’s jewellery hub
Serving central banks and institutions is important but adding a vibrant gold wholesale and manufacturing centre would be an ace move
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Chow Chung-yan Chow Chung-yan began his journalistic career at the South China Morning Post and rose to become editor-in-chief in 2025. Published: 9:00am, 12 Oct 2026 Beijing is building a gold-backed monetary architecture to accelerate yuan internationalisation. In this three-part series, Part 1 traces China’s path as a gold superpower, while Part 2 explores the crucial role of Hong Kong’s offshore vaulting infrastructure.
Hong Kong’s ambition to become an international gold trading centre rests not only on serving the nation’s financial needs, but also on China’s booming consumer market for gold.
As the world’s largest gold producer and importer, China easily absorbs hundreds of tonnes of the precious metal each year or more, an estimated 80 per cent of which is snapped up by consumers whose love of gold dates back millennia.
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