Market Chatter: ICBC to Open Precious Metals Vault at Hong Kong Airport

MT Newswires Live
Nov 05

The local unit of Industrial and Commercial Bank of China or ICBC (HKG:1398, SHA:601398) plans to open a precious metals depository at the Hong Kong International Airport in the next few months, Bloomberg reported Wednesday, citing people familiar with the matter.

Plans to open a vault come amid the city's push to become a global gold hub, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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