In this Gold Telegraph monologue, founder Alex Deluce examines how China is quietly building one of the most ambitious gold market infrastructures in the world, and what it means for the future of the international monetary system.
From the Shanghai Gold Exchange and its yuan benchmark, to Hong Kong's vaults, clearing and settlement infrastructure, to China's 1,100 tonnes of gold imports in the first eight months of 2026, the pieces of a yuan-gold architecture are being assembled in plain sight.