Insights
Why Asia needs its own gold hub
Gold has always played a special role in Asian cultures and history. Over the past decade, global demand for gold has increased exponentially. Asian countries have notably overtaken Western markets to become the largest importers of gold. Despite this shift in demand, the price discovery, clearing, and settlement of the yellow metal continue to concentrate in Western time zones. Hong Kong has a timely opportunity to become a gold hub for Asia.
Moving to T+1 settlement
Shortening the securities settlement cycle to T+1 will have a profound impact on global financial markets, helping to cut risk in volatile markets. In the Asia Pacific, India has begun T+1 implementation with a phased approach.