Hong Kong, Singapore square off in race to become world’s gold trading hub

Hong Kong and Singapore have crossed swords over their ambitions to be the world’s gold trading hub, but experts say the city holds an advantage over its Southeast Asian rival, citing its access to mainland China’s robust market. As Hong Kong pushed ahead with measures to create an ecosystem for gold trading – highlighted as recently in the government’s budget late last month – the city state had reportedly been courting global heavyweights. In response to the South China Morning Post’s queri...

By Kevin Li