Financial encyclopedia

In the latest policy address of Hong Kong, it is proposed to build an international gold trading center and an ecological circle for commodity trading. The Financial Secretary, Chen Maobo, stressed that this plan will activate the local economy and promote the coordinated development of trade, logistics, insurance and other fields, thus adding new vitality to the Hong Kong economy.

Gold trading center

Hong Kong will start with the expansion of gold storage facilities and increase the storage and transportation capacity of gold to support more international gold circulation demand. This infrastructure will promote the development of related industries, such as trade and logistics, and help Hong Kong play a more important role in the global gold market. In the future, Hong Kong will also launch a variety of gold financial products, including mortgage, lending and hedging tools, to enhance the flexibility and attractiveness of the market and make Hong Kong a gold market hub connecting global investors.

Ecosphere of bulk commodity trading

LME, a subsidiary of HKEx, plans to set up an internationally certified warehouse in Hong Kong to realize local delivery of non-ferrous metals and other commodities, which will provide convenient trading support for the Asian market and significantly reduce transaction costs and delivery time. With the gradual landing of storage facilities, Hong Kong will gradually form a trading ecosystem covering a variety of commodities, further enhancing its position as a commodity hub in Asia.

Expected impact

These policies and measures will greatly enhance Hong Kong's competitiveness in the gold and commodity markets. With the development of these two markets, Hong Kong is expected to attract global investment and trading activities, and gradually become the trading center of gold and commodities in Asia, helping the long-term development of regional economy and consolidating Hong Kong's regional competitiveness.