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Lion City lacks a trustworthy custodian
May 25, 2026
Lion City Lacks Credible Custodian Authority
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Hong Kong and Singapore, two Asian financial centers, announced the development of gold trading centers in September last year and March this year, respectively. In fact, Lion City had already established an industry association in 1994. Following the association's recommendation, the government began expanding the gold market in 2012, and in 2021, a feasibility study was launched to explore how to grow the gold trading center. Industry association established in 1994 Singapore Bullion Market Association (SBMA) CEO Zheng Lianghao ...
(Excerpt)