Hong Kong, Singapore square off in race to become world’s gold trading hub
AdvertisementHong Kong economyHong KongHong Kong EconomyHong Kong, Singapore square off in race to become world’s gold trading hubAccess to mainland’s robust market gives Hong Kong the edge over Southeast Asian rival, experts say
3-MIN READ3-MIN1 ListenKevin LiPublished: 7:00pm, 8 Mar 2026Updated: 7:34pm, 8 Mar 2026Hong 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 pushes ahead with measures to create an ecosystem for gold trading – highlighted as recently in the government’s budget late last month – the city state has reportedly been courting global heavyweights.
In response to the South China Morning Post’s queries about Singapore’s rumoured alliance with the world’s major market makers such as JP Morgan and UBS, the Monetary Authority of Singapore (MAS) did not deny the reports and highlighted ..
