2025
Ka Shing So
- Doctoral Student
- Binghamton University, State University of New York

Abstract
This project examines Hong Kong’s emergence as a center for the Cold War gold trade. While East Asia's political tensions introduced new regulations, it also opened avenues for economic adaptation. Gold traders—goldsmiths, merchants, smugglers, and migrants—skillfully exploited legal loopholes, informal networks, and illicit channels, positioning Hong Kong as a focal point in the Asian gold trade. Moving beyond a state-centered perspective, this project highlights the ingenuity of these individuals, who leveraged disparities between Hong Kong and the global markets. By focusing on these actors, the project reveals the complex interactions between local and global forces that transformed Hong Kong into a liminal space, ultimately establishing it as a key node in the global shadow economy.