Hong Kong Launches Gold Clearing Trial as Financial Activity Picks Up

Hong Kong has begun trial operation of a new gold clearing system. The move comes as financial activity in the city shows signs of momentum, including a $3.1 billion Hong Kong listing by Apple supplier Luxshare priced at the top of its range. Meanwhile, former HSBC chair Tucker has emerged as a kingmaker at a Hong Kong insurer, and the residential property market is seeing released purchasing power as prices and sales rise.