Shanghai Gold Exchange launches first offshore gold delivery vault in Hong Kong

It has also listed gold contracts for Hong Kong delivery on its International Board.

The Shanghai Gold Exchange (SGE) has launched its first offshore gold delivery vault in Hong Kong.

Additionally, as part of its business expansion, SGE has also listed relevant gold contracts for delivery in Hong Kong on its International Board.

Secretary for Financial Services and the Treasury Christopher Hui said the move gives international investors an option for delivering gold offshore. It also broadens access to renminbi-denominated gold trading and strengthens Hong Kong’s role in regional markets.

He highlighted that the establishment of an SGE-certified vault could bring more overseas investors to the exchange, increase gold storage activity in Hong Kong, and generate demand for related services.

Hui also pointed to Hong Kong’s financial infrastructure, shipping and logistics capabilities, and its access to offshore renminbi as competitive advantages under the “one country, two systems” framework.

The announcement follows a cooperation agreement between the Hong Kong and Shanghai governments aimed at closer coordination between their financial sectors.

Hui said he looks forward to deeper collaboration and increased cross-border market access between Hong Kong and Shanghai.