Source:
https://scmp.com/business/china-business/article/1431305/hong-kong-jewellers-keen-qianhai-site-precious-metal
Business/ China Business

Hong Kong jewellers keen on Qianhai site for precious metal warehouse

Gold bourse plans to invest HK$1b to develop warehouse with capacity to store 1,500 tonnes

Haywood Cheung is pushing for Qianhai warehouse. Photo: Edmond So

The Chinese Gold & Silver Exchange Society is prepared to spend at least HK$1 billion to set up its metal warehouse in Qianhai, president Haywood Cheung Tak-hay told the South China Morning Post yesterday.

He said the funds would be in the form of bond offerings to its 171 members such as Chow Tai Fook, Chow Sang Sang and Luk Fook.