Chen Haolian: The Hong Kong Special Administrative Region Government is fully committed to promoting Hong Kong as an international gold trading center with the goal of exceeding 2,000 tons of gold storage within 3 years.

Hong Kong Financial Services and Treasury Bureau Deputy Director Chen Haolian stated at the Hong Kong Gold Exchange's Lunar New Year market opening ceremony that in order to further diversify the development of Hong Kong's international financial services, efforts are being made to promote Hong Kong as an international gold trading center, attracting gold spot storage, clearing, and delivery in Hong Kong to drive investment in derivative products, storage, insurance, trade, and logistics industries. The government will continue to promote policy optimization, financial infrastructure, and technological innovation to attract more international capital and talent to Hong Kong, further strengthen Hong Kong's role as a super-connector and super value-creator, actively link with the 15th Five-Year Plan and serve the overall national development, and consolidate and enhance Hong Kong's position as an international financial center. Chen Haolian stated that the goal is to surpass 2,000 tons of gold storage within 3 years, making Hong Kong a regional hub for gold storage, and actively promoting gold merchants to establish or expand refining facilities in Hong Kong. An agreement has been signed with the Shenzhen local financial regulatory authority to support Hong Kong gold merchants in accordance with the law, through processing trade cooperation, using gold refining facilities established in Shenzhen to refine gold for export to Hong Kong for trading and delivery purposes. Efforts will also be made to promote cooperation between the Shanghai and Hong Kong gold markets. The Hong Kong Gold Clearing System, fully owned by the government, aims to start trial operation within this year.