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BackThe Secretary for the Treasury of Hong Kong introduced the Hong Kong gold trading ecosystem to more than a thousand industry representatives
The Secretary for the Treasury of Hong Kong introduced the Hong Kong gold trading ecosystem to more than a thousand industry representatives
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中国新闻网1 hour agoBusiness2 min readChinaView original

The Secretary for the Treasury of Hong Kong introduced the Hong Kong gold trading ecosystem to more than a thousand industry representatives

Xu ZhengyuHong Konggold trading

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Secretary for the Treasury Bureau Hui Ching-yu of the Hong Kong SAR Government attended the "Global Precious Metals Conference 2026" in Sorrento, Italy on October 6, introducing the gold trading ecosystem being built in Hong Kong to the industry, emphasizing that the SAR government is committed to increasing gold clearing and warehousing capacity and exploring cooperation with the London Bullion Market Association.

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Why It Matters

The Hong Kong SAR government is working on linking the gold central clearing and settlement system with the Hong Kong dollar real-time payment and settlement system.

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China News Service, Hong Kong, October 7. On October 6, local time, Secretary Hui Ching-yu of the Financial Services and the Treasury Bureau ("Treasury Bureau") of the Hong Kong SAR Government attended the "Global Precious Metals Conference 2026" hosted by the London Bullion Market Association (LBMA) in Sorrento, Italy. Xu Zhengyu introduced to the participating industry representatives the gold trading ecosystem that Hong Kong is currently building, which is led by the government, driven by commercial activities, and equipped with market orientation and infrastructure support.

On October 6, local time, Mr Hui Ching-yu (left), Secretary for Financial Services and the Treasury of the Hong Kong SAR Government, attended the "Global Precious Metals Conference 2026" in Sorrento, Italy. (Photo courtesy of the Information Department of the Hong Kong SAR Government)

Xu Zhengyu said that Hong Kong is making every effort to build a gold trading ecosystem by virtue of its strategic geographical location, international financial center status and unique advantages of pursuing a common law system. The SAR government is committed to linking the Hong Kong gold central clearing and settlement system with the Hong Kong dollar real-time payment and settlement system to achieve "delivery versus payment" settlement to reduce settlement risks, improve operational efficiency, and provide a reliable foundation for participants to develop their businesses.

Xu Zhengyu continued that the SAR government is actively promoting the participation of the private market in expanding gold storage capacity and improving refining capacity. As gold import and export and other activities already enjoy tax exemptions, it is studying tax incentives and other measures to further increase its attractiveness to market participants. The SAR government is also exploring cooperation with the London Bullion Market Association on qualified delivery standards. If the cooperation is implemented, it will help integrate internationally recognized standards into Hong Kong's gold market infrastructure and lay the foundation for the industry to participate in market activities.

It is reported that the Global Precious Metals Conference is an annual event for the international metal industry. This year's conference attracted more than a thousand industry representatives from the precious metals industry.

Open Questions

  • What are the specific contents of tax incentives?
  • When will the cooperation with the London Bullion Market Association be officially launched?

Related Topics

Xu Zhengyu
OrganizationsFinancial Services and the Treasury Bureau, Hong Kong SAR GovernmentLondon Bullion Market AssociationHong Kong SAR Government Information Department
PlacesHong KongSorrentoItaly
TopicsHong Konggold tradingBureau of the TreasuryGlobal Precious Metals ConferenceLondon Bullion Market Association
This article was originally published by 中国新闻网.

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