Gold Trading
Hong Kong's initial public offering market has raised more than HK$140 billion (US$17.9 billion) as of April, maintaining its global lead, Financial Secretary Paul Chan Mo-po said, while indicating a renewed push for gold trading amid rising demand for risk diversification. Chan stated on Sunday that the city remains the world's top IPO fundraising hub.
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Hong Kong's Chief Executive John Lee announced a cooperation agreement with Shanghai to establish a gold trading ecosystem at the Asian Financial Forum, while highlighting record highs in foreign and mainland Chinese firms in the city.