Deputy Secretary for Financial Services and the Treasury of Hong Kong: Building Hong Kong into a Regional Gold Reserve Hub

GateNewsBot

2026-02-20 10:47:38

BlockBeats News, February 20 — The Deputy Director of the Financial Services and the Treasury Bureau of the Hong Kong SAR Government, Chen Haolian, stated at the Hong Kong Gold Exchange Lunar New Year Gold Opening Day and the 2026 Spring Festival Opening Ceremony that to further diversify Hong Kong’s international financial services, the SAR government is actively promoting Hong Kong as an international gold trading hub. Chen Haolian said that the goal is to expand gold storage in Hong Kong to over 2,000 tons within three years, establishing Hong Kong as a regional gold reserve center. Regarding the promotion of bulk commodity trading, currently 15 warehouses recognized by the London Metal Exchange are operating in Hong Kong. The Hong Kong Stock Exchange will also deepen connectivity with the Guangzhou Futures Exchange and other mainland bulk commodity markets. (Xinhua)

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