Hong Kong, Shanghai sign deal to set up gold trading ecosystem

The number of foreign and mainland Chinese companies and start-ups in Hong Kong surged by 11 per cent year on year to record highs, the city’s leader has said. At the 19th Asian Financial Forum on Monday, Chief Executive John Lee Ka-chiu highlighted Hong Kong’s “unprecedented achievements” as he announced a cooperation agreement to establish a gold trading ecosystem. He said the number of foreign and mainland-affiliated firms with parent companies based outside Hong Kong reached 11,070 in 2025,...