Hong Kong Disneyland Hotel to close from October 12 for major renovation
Hong Kong Disneyland Hotel will temporarily close from October 12 for a comprehensive renovation and upgrade, with no completion date announced, as the resort shifts focus to seasonal culinary offerings and immersive storytelling. Hong Kong Disneyland announced on Friday that the Victorian-style property, open since 2005, will be revamped with Disney movie-themed rooms, while retaining the…
Russian gold shipments to Hong Kong have surged this year, positioning the Chinese territory as a major hub for sanctioned gold trading. This shift occurs as Asian centers vie for control over more global gold trade, traditionally dominated by London, New York, and Dubai. Hong Kong data reveals nearly 100 tonnes of Russian gold imported this year through July, a record-breaking figure nearly triple the amount imported in 2025. Gold exports to Hong Kong from Russia have increased since 2022.
Central banks worldwide are also repatriating gold stored in London and New York, including France and the Netherlands. China leads global gold production and consumption, with Hong Kong emerging as a key gold bullion trading center. In July, Hong Kong tested a new gold compensation system. Since early 2022, Hong Kong entities have bought Russian gold bullion worth $35 billion.
Most of the gold entering Hong Kong is eventually exported to mainland China. The ongoing conflict in the Middle East is further bolstering Hong Kong's role as a compensation center for Russian-origin gold.
Written by urgent.news from Expansion ES's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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