Business

China’s Gold Buying Spree Fuels Global Yuan Influence

Updated 2026-10-12 23:10 UTC 1 source Neutral

China is developing a gold trading hub in Hong Kong as part of its growing gold reserves. This initiative aims to boost the global influence and status of the yuan.

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CNBC

CNBC's The China Connection newsletter: How a gold-buying spree helps the yuan go global

Plans to develop a gold trading hub in Hong Kong coincide with China's growing gold reserves.

2026-10-12 23:00 UTC