Chinese flag draped across stacks of gold bars

China to Buy $90 Billion Gold Vault in London

China is buying one of London’s biggest gold vaults. The Chinese state-owned ICBC Standard Bank (IDCBF), the world’s biggest bank by assets, has agreed to buy Barclays precious metals storage business, including its state-of-the-art storage facility in London. The deal will boost China’s access to London’s gold market, and expand the country’s role in the…

Three 1000 gram gold bars and Chinese flag

China to Buy $90 Billion Gold Vault in London

China is buying one of London’s biggest gold vaults. The Chinese state-owned ICBC Standard Bank (IDCBF), the world’s biggest bank by assets, has agreed to buy Barclays precious metals storage business, including its state-of-the-art storage facility in London. The deal will boost China’s access to London’s gold market, and expand the country’s role in the…