China’s Gold Imports From Hong Kong Increase on Import Quotas

China’s gold imports from Hong Kong rose in February amid increasing demand and as the country allowed more banks to import the precious metal.

Net imports totaled 109.2 metric tons last month, compared with 83.6 tons in January and 60.9 tons a year earlier, according to calculations by Bloomberg News based on data from the Hong Kong Census and Statistics Department today. Exports to Hong Kong from China fell to 15.8 tons in February from 19 tons in January, the Statistics Department said in a separate statement. Mainland China doesn’t publish such data.