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HSBC's Cheuk Wong: HK Rapidly Emerging as Major Gold Mkt in Asia; Tokenization Can Separate Gold Ownership
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HSBC welcomed the government's announcement of measures to support the development of Hong Kong's gold market, further consolidating Hong Kong's position as a global gold trading hub. At the Asian Financial Forum (AFF), Cheuk Wong, Head of FX, EM Rates & Commodities, Asia and Head of Markets and Securities Services in Hong Kong at HSBC, said that, as a super-connector and leading international financial center, Hong Kong is rapidly emerging as a major gold market in Asia, benefiting from its solid financial infrastructure, highly open market, and regulatory policies, while serving as a vital bridge between mainland China and the rest of the world. Wong believed that, although gold has always faced challenges in ways such as acquisition, trust and transfer, tokenization now enables the segmentation of gold ownership through digital development. AASTOCKS Financial News Website: www.aastocks.com |
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