China imported 69.71 metric tonnes of gold in the month of September 2012, which is a 30% rise.
|Chart 1: China Gold Imports from Hong Kong|
If we compare this 42 metric tonnes net exports to the 69.71 metric tonnes of gross exports from Hong Kong to China, we have a ratio of 60%, which is actually a pretty good number. It means China is really taking almost all the gold and exporting a little bit of gold back to Hong Kong.
|Chart 2: Net Exports of Gold from HK to China|