Suspect deemed unfit to stand trial for aiding deadly hold-up in Hong Kong
A mainland Chinese man has been deemed unfit to stand trial for his alleged involvement in a deadly shooting during a botched robbery in Hong Kong three decades ago, after he was diagnosed with a cognitive impairment caused by lung cancer. A High Court jury of four men and three women ruled on Friday that Shenzhen resident Wen Wenye, 61, could not be held criminally liable for murder and…
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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