Deep Tide TechFlow news: On June 15, according to Caixin, Zeng Jizhi, Market Financial and Strategic Client Director for Standard Chartered Hong Kong, Greater China and North Asia, said that Standard Chartered is studying the feasibility of setting up its own gold vault storage in Hong Kong and is considering different site selection options. If the plan is implemented, Hong Kong is expected to become the first market in which the Standard Chartered Group sets up its own gold vault storage, and it would also be one of the few banks that set up vault storage in Hong Kong. Currently, Standard Chartered already provides services to Corporate and Investment Banking (CIB) clients, including spot gold trading of physical bullion and related options financing. If the self-established gold vault storage is set up, it could cover execution and settlement of trades, extending to comprehensive gold trading services including storage.

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