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GFN – HONG KONG: Hong Kong is accelerating efforts to build itself into an international hub for gold trading, storage, clearing, and risk management, as the government moves to formalize a full-service gold market ecosystem anchored in physical infrastructure and financial market connectivity.
Speaking at a briefing on gold market development, Financial Services and the Treasury Secretary Christopher Hui said the city has "initially formed a complete gold industry chain," citing progress across trading, logistics, vaulting, and related financial services, according to Xinhua News Agency. Hui said authorities are now focused on scaling storage capacity, improving gold supply channels, strengthening clearing and settlement systems, and expanding investment tools to support market depth.
"Hong Kong's gold market has initially formed a complete industry chain," Hui said, adding that the government will continue working with market participants to enhance infrastructure and risk-management capabilities.
Officials said Hong Kong's role as an international financial center, combined with its connection to mainland China and global markets, positions the city to serve as a regional gateway for physical gold flows and related financial activity. The government plans to further integrate trading, storage, clearing, and financing functions to support long-term market development.
Hong Kong: Gold Infrastructure as Bridge to Yuan Internationalization
Oct 1
The policy announcements by Chief Executive John Lee Ka-chiu must be understood as another step in the progression toward BRICS' declared goal of elevating gold's role in the global system. China's ambitions for the yuan hinge not only on wider trade adoption but also on embedding credibility through tangible monetary anchors. Gold is the logical proxy, and Hong Kong's development as a gold hub positions it as the offshore platform for this transition. Read full story
"Leveraging the advantages of being backed by the motherland and connected to the world, the HKSAR government will work with the industry to build Hong Kong into an international center for gold trading, storage, clearing, and risk management," Hui said.
Authorities said measures already introduced have delivered early results, with further policy initiatives expected as Hong Kong seeks to anchor itself more firmly in the global gold market.