Lates News

Hong Kong has released its first five-year plan. Liao Yijian, Co-Chief Executive of HSBC Asia and the Middle East, said the measures in the plan to support the development of the gold market are encouraging, and Hong Kong has the conditions to become a regional gold clearing hub and an important gateway for introducing global investors. Liao Yijian pointed out that in 2025, Asia will account for more than 60% of global gold and silver bullion demand, while Hong Kong's trading hours can effectively connect the Asian, European and U.S. time zones, making it an ideal platform for cross-time-zone spot, forward and swap transactions, and especially suitable for institutional clients adopting global strategies. On product innovation, Liao Yijian welcomed the government's use of tokenization technology to promote the development of gold products. He believes that a mature gold trading hub can not only support the storage, trading, clearing and settlement of gold, but also drive the development of a financial product ecosystem including gold loans, inventory financing and risk management tools. Liao Yijian emphasized that as the world's largest offshore RMB center, Hong Kong has unique advantages in developing RMB-denominated gold products, and he looks forward to Hong Kong establishing a gold market that is of scale and meets internationally recognized risk control standards.