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Airport Authority to expand gold depository as HK aims to be a global hub
It will increase its depository's capacity to 200 tonnes.
The Airport Authority Hong Kong (AAHK) will expand its precious metal depository at the Hong Kong International Airport.
AAHK is already finalising its expansion plans to support the government's initiative to position Hong Kong as an international gold trading centre.
According to AAHK, its depository, which has been operating since 2009, can hold up to 150 tonnes and is nearing capacity.
Under its expansion plans, AAHK said it will increase its depository's capacity to 200 tonnes.
"The vaulting capacity will be subsequently expanded by multiple times up to 1,000 tonnes, with room for further development," it added.
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