The People's Bank of China is estimated to hold up to 5,000 tonnes of gold. The United States has more than 8,000 tonnes. Photo: Bloomberg

China opens Beijing to gold imports, cutting into Hong Kong's transit role

Opening the capital as the third shipment point will help the PBOC keep purchases discreet as it is believed to be adding to its bullion reserves

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The People's Bank of China is estimated to hold up to 5,000 tonnes of gold. The United States has more than 8,000 tonnes. Photo: Bloomberg
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