Further bolstering its presence in the Asian region, Malca-Amit has opened China's largest privately owned secured storage facilities at the Shanghai Waigaoqiao Free Trade Zone.

Further bolstering its presence in the Asian region, Malca-Amit has opened China's largest privately owned secured storage facilities at the Shanghai Waigaoqiao Free Trade Zone, highlighting a trend in the region for such developments as investors seek hard assets.

The facilities feature five vaults capable of storing up to 2,000 metric tons of precious metals, fine arts and rarities and diamonds and jewelry, enabling companies, financial institutions and private individuals to import precious assets into China. The storage comes with a complete duty-free exemption. Commodities can be imported and exported into the facility tax-free enabling both international and local entities to trade in a cost-efficient and time-conscious environment, according to Malca-Amit.

Malca-Amit operates facilities around the world in centres such as New York, US;  Singapore’s Freeport, Amsterdam in the Netherlands and the UK. The development of such storage facilities, such as in Singapore, comes at a time when there has been growing demand by high net worth individuals for safe-haven “hard assets” such as art and precious stones.

The new Shanghai FTZ operations provide full-service logistical support services for the importation process of any sold items, return of any un-sold items to overseas, as well as secure storage for precious assets without a time-limit.

The facilities also provide a secure display hall that hosts private events and showings, along with meeting rooms and inspection lounges enabling clients to use the Malca-Amit facilities as their trading hub into China.