Hong Kong's Deputy Secretary for Financial Services and the Treasury, Chan Ho-lim: Developing Hong Kong into a regional gold reserve hub

PANews reported on February 20th, citing Xinhua News Agency, that at the Hong Kong Gold Exchange's Lunar New Year Gold Opening Ceremony and 2026 Lunar New Year Opening Ceremony, Chan Ho-lim, Under Secretary for Financial Services and the Treasury of the Hong Kong Special Administrative Region Government, stated that the SAR government is fully committed to promoting Hong Kong as an international gold trading center to further diversify Hong Kong's international financial business. Chan said the goal is to expand gold storage in Hong Kong to over 2,000 tons within three years, making Hong Kong a regional gold reserve hub. Regarding the promotion of commodity trading, 15 London Metal Exchange-approved warehouses are currently operating in Hong Kong. The Hong Kong Gold Exchange will also deepen its connections with the Guangzhou Futures Exchange and other commodity markets in mainland China.