The Aporia
Hong Kong aims to become a major international gold trading center, serving both central banks and financial institutions. However, adding Shenzhen's jewelry manufacturing hub could significantly boost its prospects. China produces and imports hundreds of tonnes of gold annually, with around 80 percent consumed by the country's gold-loving consumers each year. This robust consumer market is driven by a long-standing cultural tradition that dates back millennia, making Shenzhen’s role in gold wholesale and manufacturing crucial for Hong Kong’s ambitions.