Government Pushes for Gold Market Development
Hong Kong's Financial Secretary, Chan Ho-lam, announced the government's commitment to establishing Hong Kong as an international gold trading hub. He emphasized that diversifying the gold market will inject new vitality into Hong Kong's financial system.
Chan outlined a plan to exceed 2000 tons of gold storage within three years, laying a solid foundation for Hong Kong to become a regional gold reserve center.
Infrastructure and Market Connectivity in Tandem
Currently, 15 London Metal Exchange-approved warehouses are operating in Hong Kong, supporting gold and commodity trading. Meanwhile, the Hong Kong Stock Exchange is deepening cooperation with the Guangzhou Futures Exchange and other mainland commodity markets to build a more complete trading ecosystem.
These initiatives indicate Hong Kong is steadily advancing its position as an international gold trading center from both infrastructure and market collaboration perspectives.