
AI-generated summary
Hong Kong historically served as a key transit hub for global gold trade due to mainland China's strict import controls, which required foreign gold to pass through the city before entering the domestic market.
In 2013, one-third of the world’s traded gold passed through Hong Kong. That year, the city imported 1,158 tonnes of bullion, overtaking India, the traditional top buyer. For all our love of the glittering metal, little of it stayed in our vaults. It mostly went straight to mainland China, where strict controls meant the bulk of its gold imports had to transit through here.
Little did we know that things would soon be turned upside down. In 2014, China relaxed restrictions, allowing more mainland banks to buy foreign gold without routing it through Hong Kong. Net gold flows to the mainland via the city fell to 863 in 2015, then to 245 tonnes in 2019, before reaching a nadir of 67 tonnes in 2020, according to a Hong Kong Legislative Council report.

According to the Bloomberg Billionaires Index, nine Taiwanese billionaires are on the list among the world's 500 richest people, and their net assets have increased compared with the same period last year. In the first nine months of this year, the total wealth of about 100 technology tycoons in the world increased by US$845 billion, setting a record for the same period in history, mainly driven by the artificial intelligence craze and the surge in technology stocks. Lin Chongji had the largest increase, with an increase of US$11 billion. Musk topped the list with an increase in wealth of US$310 billion, accounting for 40% of the total increase.

During the National Day holiday in 2026, both supply and demand in the domestic consumer market are booming. The deep integration of culture and tourism, the empowerment of top events, the recovery of physical business districts, and precise policies to promote service consumption, scene consumption, and bulk consumption have all heated up, demonstrating the resilience of China's economic recovery.

The price of gold rose slightly by 0.1% to $4,139.89 an ounce on Tuesday. Although the probability of the Federal Reserve raising interest rates has decreased, the appreciation of the U.S. dollar and high U.S. bond yields have put pressure on gold prices. Analysts predict that gold may hit a record high in 2027, with an average price of $5,330 an ounce next year.

The Kaohsiung City Tax Collection Office reminds people that after purchasing a house and then obtaining a parking space, the preferential tax rate for self-occupied residential land will not be automatically applied to new land holdings. You need to apply separately, otherwise you may mistakenly think you are entitled to a preferential treatment and incorrectly calculate taxes.

Hon Hai announced September revenue of 1.158633 billion yuan, a monthly increase of 25.7% and an annual increase of 38.42%, rewriting the highest single-month record in the past. It was also the first time that single-month revenue exceeded the trillion yuan mark; third quarter revenue reached 3 trillion 26.9 billion yuan, a quarterly increase of 20.44% and an annual increase of 47.12%, setting a new high for a single quarter and the same period in previous years; cumulative revenue in the first nine months of this year reached 7.6698 billion yuan, an annual increase of 39.53%, setting a new high for the same period in previous years. The company is optimistic about the continued growth of its AI business and the traditional peak season for information and communication products, and expects its operating performance in the fourth quarter to be in line with market expectations.

International oil prices fell by about US$2 on Monday (5th), with Brent crude oil closing down 1.89% at US$100.32/barrel, and WTI falling 1.84% at US$89.43/barrel. The decline was affected by increased crude oil exports from the Middle East and the G7's commitment to release 100 million barrels of oil reserves to boost supply expectations. However, tensions between the United States and Iran and Houthi armed attacks on Red Sea ships have maintained concerns about supply disruptions. The CEO of Saudi Aramco said that global inventory replenishment may take two years.