Chinese Gold Imports via Hong Kong vs SGE Withdrawals
By GCRU Gold News on Friday, October 10 2014, 01:29 - Permalink
As can be seen here the Hong Kong Imports into China are only a fraction of the gold delivered through the SGE. Currently these Hong Kong statistics are the only released statistics on gold flows into China. Hence one must reason that with the latest reading of only 14.6% a lot of gold must be coming in via other channels.
Local Chinese production of over 400 tonnes per year must also be taken into consideration.