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SECTOR ETFFXIKWEBBULLISHIn depth · 4/5

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China's CIPS expansion creates structural physical gold demand from trade surpluses

The thesis argues that expanding usage of China's CIPS cross-border payment system encourages foreign trading partners to recycle excess offshore RMB into Hong Kong physical gold reserves.

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China's CIPS expansion creates structural physical gold demand from trade surpluses · Zortix