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Hong Kong’s Delivery Connect expands cross-border gold clearing model
The July 7 rollout ties into Hong Kong’s new gold clearing and settlement system and reflects Beijing’s incremental approach to opening China’s financial markets through controlled cross-border channels.
South China Morning Post writes that Hong Kong launched its latest Connect programme on July 7, and while attention centered on gold, the broader focus is on Delivery Connect.
According to SCMP Economy, Delivery Connect is part of Hong Kong’s new gold clearing and settlement system and is presented as evidence of Beijing’s preference for a tailored model to integrate with global markets rather than wholesale financial liberalisation.
The outlet says China is steadily expanding market access through carefully designed cross-border channels, using Hong Kong as a bridge to test, refine, and scale the approach.
SCMP Economy adds that the strategy marks a shift away from the past pattern of sweeping deregulation and rapid capital account openings common in many emerging economies over the last three decades.
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