HKEX to study yuan-denominated gold futures, CEO says
In short
Hong Kong Exchanges and Clearing will study launching yuan-denominated gold futures, HKEX chief executive Bonnie Chan said on Oct 2. Chan said international investors have turned their attention back to Asia, especially the Chinese market, and want diversified asset allocations, so Hong Kong needs a broader asset ecosystem rather than only a stronger stock market. The remarks follow a 2026 Policy Address proposal to deepen Hong Kong’s global offshore yuan business and capital markets.
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Hong Kong Exchanges and Clearing will study launching yuan-denominated gold futures, HKEX chief executive Bonnie Chan said on Oct 2, according to CLS, Yicai and 36Kr. Chan said international investors have turned their attention back to Asia, especially the Chinese market, and are interested in diversified asset allocation. Hong Kong therefore needs to build a diversified asset ecosystem rather than only making its stock market bigger, she said, as reported by CLS and 36Kr. [ 1 , 2 , 3 ]
The remarks come against a 2026 Policy Address proposal to deepen Hong Kong’s global offshore yuan business and capital markets, CLS and 36Kr reported. 36Kr attributed its account to CCTV Finance. The documents give no timetable for the gold futures study and no indication of when, or whether, a contract would be listed. [ 1 , 3 ]
Why it matters
The plan points to Hong Kong positioning itself as a venue for yuan-denominated commodity products, an area tied to the city’s offshore yuan franchise set out in the 2026 Policy Address. For international investors the signal is a wider set of China-linked assets beyond equities, though the documents give no timetable or product details.
Key facts
- HKEX chief executive Bonnie Chan said on Oct 2 that HKEX will study launching yuan-denominated gold futures. [ 1 , 2 , 3 ]
- Chan said international investors have turned their attention back to Asia, especially the Chinese market. [ 1 , 3 ]
- Chan said investors are interested in diversified asset allocation and that Hong Kong needs to build a diversified asset ecosystem, not only a bigger stock market. [ 1 , 3 ]
- Hong Kong’s 2026 Policy Address proposes deepening the city’s global offshore yuan business and capital markets. [ 1 , 3 ]
- 36Kr attributed its report on the remarks to CCTV Finance. [ 3 ]
Confirmed by several sources
- HKEX will study launching yuan-denominated gold futures, according to chief executive Bonnie Chan. [ 1 , 2 , 3 ]
- Chan said international investors have refocused on Asia, particularly China, and seek diversified asset allocation. [ 1 , 3 ]
- Hong Kong’s 2026 Policy Address proposes deepening the global offshore yuan business and capital markets. [ 1 , 3 ]
Still unclear
- When the study on yuan-denominated gold futures would be completed or when any contract might be listed. The documents say only that HKEX will study the product; no timetable, venue or design details are given.
- Where and at what event Chan made the remarks on Oct 2. The documents date the remarks to Oct 2 but do not name the occasion or venue.
- Whether the remarks represent a new commitment or a restatement of existing HKEX work. The documents do not say whether the gold futures study had been announced previously.
What local media are saying
Timeline, local time
- CLS reports HKEX chief executive Bonnie Chan’s Oct 2 remarks that international investors have turned back to Asia, especially China, and that HKEX will study yuan-denominated gold futures. [ 1 ]
- Yicai publishes the same headline on Chan’s remarks and the gold futures plan. [ 2 ]
- 36Kr carries the remarks, citing CCTV Finance. [ 3 ]