Supporting Hong Kong's gold storage strategy
Since 2009, Airport Authority Hong Kong (AAHK) has been operating the Precious Metals Depository at Hong Kong International Airport (HKIA) to facilitate physical bullion trading and settlement activities.
With a capacity for 150 t, the depository has been providing secure storage and physical settlement services to central banks, commodity exchanges, precious metal refineries and more. But it is reaching full capacity.
Now, in support of the government’s initiative to develop world-class gold storage facilities and establish Hong Kong as an international gold trading centre, AAHK is finalising the future development plan of the depository. With initial increase of capacity to 200 t at its existing facility, the vaulting capacity will be subsequently expanded up to 1,000 t, with room for further development. (ah)