European central banks and the UK are exploring gold storage options in Shanghai and Hong Kong as part of reserve diversification efforts.

1 report, 1 independent Updated Sep 7

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What happened

Some supportReported by 1 outlet

Who's involved

What this event is mainly about

Kingdom of Great Britain Europe Hong Kong

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Part of

Beijing and Europe are diversifying their reserves away from foreign currencies and accumulating gold.

Also in this story

All 4 developments

The entities involved

Kingdom of Great Britain
constitutional monarchy in Western Europe (1707–1800)
- Amoc slowdown could lead to UK climate resembling that of Canada.Wed 17:35
- EU import demand is currently supporting the export market of the Kingdom of Great Britain.Wed 16:17
Europe
terrestrial continent located in north-western Eurasia
- Political instability affects the broader European context.05:52
- UK political figures, including Andy Burnham, Mel Stride, Ed Davey, and Rachel Reeves, are discussing economic policy, including tax rises and growth partnerships with Europe.05:32
Hong Kong
city and special administrative region of China
- US imposed origin-marking requirements on Hong Kong goods, leading to a WTO dispute challenge.05:29
- Futu Holdings is facing an investigation into cross-border securities violations, despite operating its digital brokerage in Hong Kong.Wed 20:17

Coverage

Newest first; wire copies grouped

Sep 7scmp.com