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Hong Kong Monetary Authority Deputy Chief: Building Hong Kong into a Regional Gold Reserve Hub
By: theblockbeats.news|2026/02/20 19:02:55
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BlockBeats News, February 20, Hong Kong SAR Government Financial Services and the Treasury Bureau Deputy Director Edmond Lau stated at the Chinese Gold and Silver Exchange Society Lunar New Year Gold Market Opening and 2026 Chinese New Year Market Opening Ceremony that, to further develop Hong Kong's international financial business diversification, the SAR Government is actively promoting Hong Kong as an international gold trading center. Lau said that the goal is to expand Hong Kong's gold storage by over 2,000 tons within three years, making Hong Kong a regional gold reserve hub. In terms of promoting commodity trading, there are currently 15 London Metal Exchange-approved warehouses operating in Hong Kong. HKEX will also deepen connectivity and development with the Guangzhou Futures Exchange and other mainland commodity markets. (Xinhua News Agency)
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