Hong Kong plans to launch a brand new gold central clearing system before July this year, in collaboration with the Shanghai Gold Exchange, aiming to expand storage capacity to 2,000 tons within three years. This is not only an upgrade of financial infrastructure but also a key move for China to compete for global commodity pricing power and to build a &#34;de-dollarization&#34; trading loop.
According to the latest plan, Hong Kong is committed to becoming an Asian gold trading center. The new clearing system will significantly enhance trading efficiency and security, and the cooperation with the Shanghai Gold Exchange means that the interconnection between the two markets will be further deepened. This initiative aims to address the long-standing passive situation of &#34;Western pricing moving East&#34; in Asian gold trading (i.e., pricing following London and New York), thereby enhancing regional pricing influence.
The emphasis on gold and commodity pricing power reflects China's efforts to construct a pricing network parallel to the dollar system. From the launch of international copper futures priced in RMB by the Shanghai Futures Exchange to promoting RMB settlement for oil and iron ore, and now to the establishment of the Hong Kong gold clearing center, this series of layouts aims to break the Western monopoly on commodity prices.
Against the backdrop of a loosening &#34;oil-dollar&#34; anchor, the strategic value of gold as the ultimate credit hedge tool is becoming increasingly prominent. Mastering the clearing, delivery, and pricing power of gold not only provides security for massive foreign exchange reserves but also offers a solid physical credit endorsement for the internationalization of the RMB. This game of pricing power will profoundly impact the future global economic landscape.
Related ETFs:
Gold ETF ChinaAMC (518850, Connect 008701/008702) closely tracks gold price trends and has a low correlation with assets like stocks and bonds, making it suitable as a core asset. The current volatile phase may present a layout opportunity.
Gold Stock ETF ChinaAMC (159562) closely tracks the CSI SH-SZ-HK Gold Industry Equity Index, involving listed companies in gold mining, smelting, and sales. As of April 30, 2026, the top ten weighted stocks in the CSI SH-SZ-HK Gold Industry Equity Index (931238) are Zijin Mining, ZHONGJIN GOLD, Chifeng Jilong Gold Mining, SD-GOLD, Shandong Gold International, Zhaojin Mining, Hunan Gold, Zijin Mining, Zijin Gold International, and SD-GOLD, with the top ten weighted stocks accounting for 61.73%, helping investors easily layout gold stocks in the Shanghai, Hong Kong, and Shenzhen markets.
Additionally, the management fee plus custody fee for Gold ETF ChinaAMC (518850) and Gold Stock ETF ChinaAMC (159562) is a total of 0.2%, which is among the lowest in similar products, enabling investors to participate in the gold market at a lower cost

600547

600489

GOLD

601899

159562

518850

Hong Kong plans to launch a new gold central clearing system in July, in collaboration with the Shanghai Gold Exchange, with a storage capacity expansion to 2,000 tons within three years. This initiative aims to enhance trading efficiency and strengthen Asia's influence on gold pricing, reflecting China's strategy to compete for commodity pricing power. By building a pricing network parallel to the dollar system, China hopes to break the Western monopoly on commodity prices and promote the internationalization of the renminbi

同壁财经

SD-GOLD

Newmont

ZHONGJIN GOLD

Gold.com

Zijin Mining

ChinaAMC CSI SH-SZ-HK Gold Industry Equity ETF

ChinaAMC Gold ETF

SPDR Gold Shares

ZIJIN MINING

CHIFENG GOLD

SD GOLD

ZHAOJIN MINING

Jinling Hotel

Hunan Gold

ZIJIN GOLD INTL

China Gold

CHINAGOLDINTL

Hong Kong establishes a gold clearing center in July, China seeks pricing power in commodities