Hong Kong will roll out several measures with the aim of becoming an international trading center for gold and other commodities, Financial Secretary Paul Chan wrote in his blog Sunday.
Policymakers plan to increase gold inventory facilities and accelerate the development of related businesses, such as trading, insurance and logistics, according to Chan. The city’s government will also expand gold-related derivatives trading to satisfy mortgage and hedging needs.
$CHOW TAI FOOK JEWE (CJEWY.US)$ $CHOW TAI FOOK (01929.HK)$ $CHOW SANG SANG (00116.HK)$ $ZIJIN MINING (02899.HK)$ $MMG (01208.HK)$ $CHINAHONGQIAO (01378.HK)$ $CHINA TOWER (00788.HK)$ $Golden Minerals (AUMN.US)$ $DB GOLD DOUBLE LONG EXCH TRADED NOTES (DGP.US)$

$Hang Seng Index (800000.HK)$ opened 48 points or 0.3% higher at 17,160. $Hang Seng China Enterprises Index (800100.HK)$ opened 16 points or 0.3% higher at 6,046. $Hang Seng TECH Index (800700.HK)$ opened less than 1 point lower at 3,428.
Tensions in the Middle East triggered gold and oil prices to rise, $PETROCHINA (00857.HK)$ and $CNOOC (00883.HK)$ opened elevating 1.2% and 2.1%, while $ZIJIN MINING (02899.HK)$ opened inclining 1.7%.
As for tech stocks, $TENCENT (00700.HK)$ o...

Hong Kong stocks opened higher in the morning after two consecutive days of losses. $Hang Seng Index (800000.HK)$ opened 13 points or 0.1% higher at 17,741. $Hang Seng China Enterprises Index (800100.HK)$ opened 8 points or 0.1% higher at 6,325. $Hang Seng TECH Index (800700.HK)$ opened 16 points or 0.4% higher at 3,638.
Electric car stocks $LI AUTO-W (02015.HK)$ , $NIO-SW (09866.HK)$ and $XPENG-W (09868.HK)$ opened lifting 2.5% to 3.6%, while $BYD COMPANY (01211.HK)$ opened di...

$HSBC HOLDINGS (00005.HK)$ announced that it repurchased a total of 4.7101 million shares in the UK and Hong Kong markets yesterday (19th), involving a total of about HK$298 million.
Of these, 2.2101 million shares were purchased in the UK market at prices ranging from GBP6.247 to GBP6.319 per share, with a weighted average price of GBP6.2799 per share.
Another 2.5 million shares were purchased on the Hong Kong Stock Exchange at a price per share ran...

China's end-April forex reserves are $3.2048 trillion, vs prev $3.1838 tln;
Gold reserves are $132.53 bln vs the previous $131.65 bln, which increased by 0.26 million ounces to 66.76 mln ounces. Increase for the sixth consecutive month.
$HKEX (00388.HK)$ $HONG KONG EXCHANGE (HKXCY.US)$ $USD/CNY (USDCNY.FX)$ $USD/HKD (USDHKD.FX)$ $HKD/USD (HKDUSD.FX)$ $CHINAGOLDINTL (02099.HK)$ $Gold (LIST1222.HK)$

$Gold (LIST1222.HK)$ 5