Hong Kong's ambition to become an international gold trading centre may hinge on what sits across the border: Shenzhen's Shuibei district, Asia's largest jewellery wholesale hub, home to more than 7,000 merchants and at least half of China's gold trading. This South China Morning Post analysis argues that pairing Hong Kong's expanding vaults and yuan-denominated gold products with Shenzhen's wholesale and fabrication machine would create a gold ecosystem no other centre can match.
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