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Hong Kong is inviting a number of China-friendly central banks to join its gold-clearing system as part of an ambition to become a major global bullion-trading hub. The move is a strategic step aimed at strengthening the city's financial position. The initiative fits into a broader global trend of diversifying gold markets.

Hong Kong is inviting a number of China-friendly central banks to participate in its gold-clearing system as part of a push to elevate the city as a major bullion-trading hub.