Hong Kong eyeing gold expansion and Northern Metropolis vaults to cement hub status
Hong Kongโs plan to raise its gold holdings will further cement the cityโs status as an international financial centre, with the possibility of building vaults in the Northern Metropolis megadevelopment, according to authorities. Financial Secretary Paul Chan Mo-po also said on Thursday the city was under โno pressureโ to raise interest rates following a US rate hike, but stressed authorities would โkeep a close watchโ on the situation. Speaking at a conference the day after the policy address...