Standard Chartered Explores Establishing Own Gold Storage Facility in Hong Kong

According to Caixin, Standard Chartered is exploring the feasibility of establishing its own gold storage facility in Hong Kong, according to Zeng Jizhi, head of market finance and strategic clients for the bank's Hong Kong, Greater China and North Asia division. If the plan materializes, Hong Kong would become the first market where Standard Chartered establishes its own gold storage facility, positioning the bank among the rare financial institutions with in-house gold storage operations in the city. Currently, Standard Chartered offers precious metals trading and related options financing services to commercial and investment banking clients.
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