Standard Bank to store gold in Asia for new Hong Kong EFT
Standard Bank will act as metal provider, participating dealer and market maker for a new gold exchange traded fund (ETF) to be launched in Hong Kong in early November, subject to final approval by Hong Kong regulators. This puts it on track to be the first gold ETF in Asia where the underlying gold will be physically held locally.
Standard Bank is a leading participant in physical and derivatives precious metals trading, handling close to 20% of annual gold demand in Asia alone, according to
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact info@risk.net to find out more.
You are currently unable to copy this content. Please contact info@risk.net to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@risk.net
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@risk.net
More on Metals
Interview: Can Matthew Chamberlain rescue the LME?
London Metal Exchange CEO identifies problems, awaits contract and fee structure revamp feedback
Asia precious metals house of the year: Citi
Citi builds full-service Asia strategy as others exit market
Base metals dealer of the year: BNP Paribas
French bank expands hedging and finance solutions to mainland China
LME Clear ‘welcomes scrutiny’ of CCP risk management
Oversight from clearing members is good for central counterparties, says LME Clear CEO
Metals house of the year: SG CIB
Barclays and Jefferies Bache deals highlight bank’s commitment to metals
Metals traders shun clearing due to Emir, says LME chief
Emir segregated accounts pushing firms to trade OTC, says Jones
LME eyes Asian growth while dealing with regulation
Garry Jones on China, warehouses, clearing and financial regulation
Energy Risk Asia Precious Metals House of the Year: ANZ
ANZ connecting physical players with reach and structuring ability
