<div id="readability-page-1"><div><p>Acting Secretary for Financial Services and the Treasury Chan Ho-lim said the government is actively advancing the development of the gold market on multiple fronts, including increasing gold storage capacity, building financial infrastructure, and enhancing gold supply. Leveraging this experience as a starting point, the authorities will gradually promote the development of other commodity markets and establish a comprehensive trading ecosystem.</p><p> He noted that expanding gold storage capacity is a prerequisite for enlarging spot trading, as it supports clearing and settlement for gold transactions and drives the development of the upstream and downstream industry chain. The Chief Executive has set a clear target to expand Hong Kong's storage capacity to more than 2,000 metric tonnes within three years. Among them, the Airport Authority Hong Kong has launched a project to expand its airport storage facilities to a capacity of 1,000 metric tonnes. At the same time, Hong Kong will establish a Gold Central Clearing System. Hong Kong Precious Metals Central Clearing Company Limited, wholly owned by the government, is actively preparing for the clearing system, with a target to commence trial operations within this year.</p><p>He added that in terms of gold supply, the government is encouraging bullion dealers to establish or expand refining facilities in Hong Kong. Several enterprises with international accreditation have already expressed interest to the authorities in pursuing development. To enrich investment products, Hong Kong welcomed the listing of two gold exchange-traded funds in January this year. In addition to directly holding physical gold stored in Hong Kong, these products also provide physical redemption options. HKEX (00388.HK)<span> </span><span> +3.800 (+0.921%)  </span> <span> Short selling $56.18M; Ratio 9.464%  </span>  is preparing to resume gold futures trading in the coming months. Subsequently, HKEX will further optimize contract design and enhance the delivery mechanism on this basis, with details to be announced in due course.<br/>(mn/w)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-04 12:25.)</p></div><p>This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.</p></div>

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<p>Acting Secretary Chan Ho-lim announced that Hong Kong is advancing its gold market development, including increasing storage capacity and establishing a Gold Central Clearing System, with a trial run expected this year. The government aims to expand storage to over 2,000 metric tonnes in three years, with a project at the airport for 1,000 metric tonnes. HKEX is set to resume gold futures trading soon, optimizing contract design and delivery mechanisms.</p>

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Chan Ho-lim: Gold Central Clearing System Targets Trial Run Within Year; HKEX  to Resume Gold Futures Trading in Coming Months