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3Novices:Hong Kong is having another go at gold trading – here’s why it will succeed this time

Back in May, Hong Kong Exchanges and Clearing announced plans to launch gold futures contracts. This is not the first time Hong Kong has tried to muscle into the market for gold derivatives. Even though China years ago overtook everyone else to become both the world’s biggest miner and biggest consumer of gold, international trading in the precious metal remains centred on London and New York. However, where previous initiatives fell short, there are reasons to believe HKEx’s new…
August 14, 2017 at 07:00AM http://ift.tt/2hYWisW
#3Novices #News #OnlineMedia #China 3Novices China

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