HSBC Plans to Expand Hong Kong Gold Storage to 200 Tons Within Months

According to Jin10, HSBC CEO Charlie Pike announced on July 7 that the bank plans to increase its Hong Kong gold storage capacity to 200 tons within the coming months to support Hong Kong's 2,000-ton storage target. Pike disclosed that HSBC holds 600 tons of gold in London and over $100 billion in total gold storage globally. The announcement came during the Hong Kong Fixed Income and Currency Summit, as the city launched its new central clearing and settlement system for gold, which aims to enhance liquidity and boost trading activity.
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