The Deputy Secretary for Financial Services and the Treasury of the Hong Kong Special Administrative Region Government: The goal is to exceed 2,000 tons in three years to expand gold storage in Hong Kong and establish Hong Kong as a regional gold reserve hub

Wallstreetcn
2026.02.20 10:42

The Deputy Secretary for Financial Services and the Treasury of the Hong Kong Special Administrative Region Government, Chan Ho Lam, stated at the Lunar New Year gold trading opening ceremony at the Hong Kong Gold Exchange that to further diversify Hong Kong's international financial business, the government is fully promoting Hong Kong to become an international gold trading center. Chan Ho Lam mentioned that the goal is to exceed 2,000 tons in gold storage in Hong Kong over the next three years, establishing Hong Kong as a regional gold reserve hub. In terms of promoting commodity trading, there are currently 15 warehouses recognized by the London Metal Exchange operating in Hong Kong. The Hong Kong Stock Exchange will also deepen its connectivity and development with the Guangzhou Futures Exchange and other domestic commodity markets. (Xinhua News Agency)

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