Hong Kong Aims to Become Regional Gold Reserve Hub

Hong Kong is actively working to establish itself as a leading international gold trading center, according to a statement by Hong Kong Financial Services and the Treasury Bureau Deputy Secretary, Chen Hao-lin. The government is prioritizing the expansion of the city's international financial services by targeting a threefold increase in gold storage capacity within three years, aiming to surpass 2,000 tons. This initiative is intended to position Hong Kong as a significant regional hub for gold reserves.

The city's efforts in promoting commodity trading are also progressing, with 15 London Metal Exchange-approved warehouses currently operational in Hong Kong. The Hong Kong Stock Exchange is further strengthening its connections with the Guangzhou Futures Exchange and other mainland commodity markets.



Chen Hao-lin expressed confidence that these developments will bolster Hong Kong's role in the global financial landscape.



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