Core Viewpoint - The establishment of the London Metal Exchange (LME) delivery warehouse in Hong Kong is a significant step in building a commodity trading ecosystem, enhancing Hong Kong's status as an international financial and shipping center [1] Group 1: Strategic Importance - The LME warehouse in Hong Kong will facilitate the promotion of commodity trading in Renminbi, aligning with national development strategies [1] - This move is expected to enhance the usage and influence of Renminbi in international metal trading [1] Group 2: Economic Impact - The initiative is part of efforts to solidify Hong Kong's position as a hub for offshore Renminbi business [1] - The establishment of the LME network in Hong Kong is anticipated to lead to market transformation [1]

此外，特区政府亦已成立专责小组，检视与黄金交易相关的各个范畴，在年内可以公布有关方案，推动 香港发展成为国际黄金交易中心，包括实体的黄金交割。 陈茂波表示，去年香港特区行政长官《施政报告》提出建设"大宗商品交易生态圈"，这是具重要战略意 义的布局。大宗商品支撑着全球一半的航运货量。尽管美国关税战或许在短期内压抑有色金属的价格， 但长远来説，随着新能源及高新科技产业的蓬勃发展，全球对相关金属的需求会持续上升，市场机遇相 当巨大。 我国是制造业规模世界第一、工业门类最齐全的工业大国，对有色金属的需求量庞大，同时也拥有丰富 金属资源和领先的精炼技术，多种金属的产量位居世界前列。在当前地缘政治深度重塑全球贸易格局之 际，加入LME的交割网络，是香港构建大宗商品交易生态的重要一步，对服务国家发展战略和进一步 巩固提升香港国际金融与航运中心地位也具重要意义。 智通财经APP获悉，8月19日，财政司司长陈茂波出席华润物流和GKE合作营运的LME(伦敦金属交易 所)交割仓揭牌仪式时指，大宗商品，特别是有色金属，对全球各国的工业和产业发展非常关键。加入 LME的交割网络，是香港构建大宗商品交易生态的重要一步，对服务国家发展战略 ...

Group 1 - The integration of supply chains and the reshaping of trade patterns present new development opportunities for Hong Kong's trade, shipping, finance, and professional services [1][2] - Hong Kong's exports to Vietnam and Malaysia increased by over 50% and 30% respectively in the first half of this year, with ASEAN becoming Hong Kong's second-largest trading partner, rising from 12.1% of total trade in 2021 to 14.8% in the first half of this year [2] - The establishment of a "bulk commodity trading ecosystem" is progressing, with Hong Kong successfully joining the London Metal Exchange's global warehouse and delivery network, enhancing connections with active metal trading markets [2][3] Group 2 - The recognition of warehouses in Hong Kong by the LME improves the efficiency of non-ferrous metal allocation and reduces logistics time and costs, while stabilizing the supply of key metal resources in the region [3] - The trading and delivery activities of bulk commodities in Hong Kong will increase demand for related shipping services and promote the development of trade financing, insurance, risk management, and derivative financial services [3] - The Hong Kong government is actively promoting the establishment of multinational supply chain management centers, making Hong Kong a preferred platform for companies looking to expand internationally [4]

Group 1 - The integration of supply chains and the reshaping of trade patterns present new development opportunities for Hong Kong's trade, shipping, finance, and professional services [1][2] - Hong Kong's exports to Vietnam and Malaysia increased by over 50% and 30% respectively in the first half of this year, with ASEAN becoming Hong Kong's second-largest trading partner, rising from 12.1% in 2021 to 14.8% in the first half of this year [2] - The establishment of a "bulk commodity trading ecosystem" is progressing steadily, with Hong Kong joining the London Metal Exchange's global warehouse and delivery network, marking a significant milestone [2][3] Group 2 - The recognition of LME warehouses in Hong Kong enhances the efficiency of non-ferrous metal allocation, reduces logistics time and costs, and stabilizes the supply of key metal resources in the region [3] - Since becoming an LME delivery point in January, eight approved warehouses have been operational, with over 8,000 tons of LME registered warrants supporting LME contract delivery by early August [3] - The Hong Kong government is actively promoting the establishment of multinational supply chain management centers, positioning Hong Kong as a preferred platform for companies looking to expand internationally [4]

Group 1 - Hong Kong is advancing its strategy to establish a commodity trading ecosystem, focusing on becoming an international gold trading center [1][3] - The Hong Kong government has formed a dedicated task force to review all aspects related to gold financial transactions and promote the development of an international gold trading center [1][3][4] - The Hong Kong International Airport is planning to expand its precious metal storage facilities to support the construction of an international gold trading center [3][4] Group 2 - The government aims to enhance gold storage facilities while expanding related financial services such as insurance, certification, and logistics, creating a comprehensive ecosystem for gold trading [4][6] - The demand for gold storage and trading in Hong Kong has significantly increased, driven by geopolitical uncertainties and the need for secure storage options [6][7] - The establishment of an international gold trading center is seen as a new opportunity to reinforce Hong Kong's status as a global financial hub [5][7]

Core Viewpoint - Hong Kong is strategically positioning itself to become an international gold trading center, enhancing its status as a global financial, shipping, and trade hub [1][3][4]. Group 1: Strategic Developments - The Hong Kong government has established a dedicated task force to review all aspects related to gold financial transactions, aiming to promote the development of an international gold trading center [1][3]. - The Hong Kong International Airport is planning to expand its precious metal storage facilities to support the establishment of international-grade gold storage [3][4]. - The government aims to create a comprehensive ecosystem for gold trading, including storage, insurance, certification, logistics, and related financial services [4][5]. Group 2: Market Demand and Opportunities - There has been a significant increase in demand for gold storage, trading, and delivery in Hong Kong, driven by geopolitical uncertainties and the desire for physical gold storage in various regions [3][7]. - The establishment of an international gold trading center is seen as a new opportunity to solidify Hong Kong's position as an international financial center [7]. - The recent launch of designated warehouses for gold trading in Hong Kong is expected to attract more international investors and increase the region's gold reserves [5][6].

Group 1 - Hong Kong is advancing its strategy to establish a commodity trading ecosystem, focusing on becoming an international gold trading center [1][2] - The Hong Kong government has formed a dedicated task force to review all aspects related to gold financial transactions and to promote the development of an international gold trading center [2][3] - There is a significant increase in demand for gold storage, trading, and delivery in Hong Kong, prompting the Hong Kong Airport Authority to plan the expansion of gold storage facilities at the international airport [2][3] Group 2 - The government aims to build international-grade gold storage facilities and expand related financial services such as insurance, certification, and logistics, creating a comprehensive ecosystem for gold trading [3] - The establishment of an international gold trading center is seen as a new opportunity to enhance Hong Kong's status as a global financial hub, especially amid increasing geopolitical uncertainties [4] - The Hong Kong government is also exploring the possibility of connecting with mainland financial markets at an appropriate time [3][4]

Group 1 - Hong Kong is advancing its strategy to establish an international gold trading center as part of its broader initiative to build a commodity trading ecosystem, enhancing its status as a global financial, shipping, and trading hub [1][2][4] - The Hong Kong International Airport Authority is planning to expand its precious metals storage facilities to support the development of an international gold trading center, responding to increased demand from investors for gold storage and trading [2][3] - The Hong Kong government has formed a working group to comprehensively review all aspects related to gold financial transactions, aiming to optimize market trading and regulatory mechanisms [2][3] Group 2 - The demand for gold is expected to remain high due to increasing geopolitical uncertainties, providing an opportunity for Hong Kong to develop its gold financial trading market [4] - The establishment of an international gold trading center is seen as a new approach to solidify and enhance Hong Kong's position as an international financial center, with plans to attract international gold spot trading [4][3] - The government aims to create a complete ecosystem for gold trading, including storage, insurance, certification, logistics, and related financial services, to facilitate comprehensive multi-currency trading and settlement [3][4]

Core Viewpoint - Hong Kong is strategically positioning itself to become an international gold trading center, enhancing its status as a global financial, shipping, and trade hub [1][3][4]. Group 1: Strategic Developments - The Hong Kong government has established a dedicated task force to review all aspects related to gold financial transactions, aiming to promote the development of an international gold trading center [3][4]. - Plans are underway to expand the gold storage facilities at Hong Kong International Airport, which is expected to support the construction of international-grade gold storage and enhance Hong Kong's role in the global gold market [3][4]. - The Hong Kong Monetary Authority has initiated the establishment of designated warehouses for gold trading, which is anticipated to attract more international investors and increase Hong Kong's gold reserves [4]. Group 2: Market Demand and Opportunities - The demand for gold is expected to remain substantial due to increasing geopolitical uncertainties, with many investors seeking to store physical gold in various regions, presenting an opportunity for Hong Kong to develop its gold financial trading [6]. - The government plans to expand related financial services such as insurance, certification, and logistics, while also enhancing derivative trading options like collateral, borrowing, and hedging to create a comprehensive ecosystem for gold trading [4][6]. - The establishment of an international gold trading center is viewed as a new approach to solidify and elevate Hong Kong's status as an international financial center [6].

Group 1: Economic Growth and Investment - Hong Kong has assisted over 1,300 overseas and mainland enterprises in establishing or expanding their businesses, resulting in over HKD 160 billion in foreign direct investment and the creation of more than 19,000 new jobs from January 2023 to mid-2025 [1] - The local GDP has experienced growth for 10 consecutive quarters, with various economic indicators showing positive trends and vitality [1] - The Hong Kong Stock Exchange has welcomed 31 new listings in the first half of 2025, raising over HKD 884 billion, ranking first globally [2][3] Group 2: Financial Market Performance - The market capitalization of Hong Kong's securities market increased to HKD 42.7 trillion in the first half of 2025, a 33% increase year-on-year [3] - The number of registered funds reached 976, with a net inflow of over USD 44 billion, marking a 285% increase year-on-year [3] - Hong Kong's banking deposits exceeded HKD 18 trillion, reflecting a 19% increase compared to June 2022 [3] Group 3: Consumer Market Recovery - Visitor numbers to Hong Kong increased by 12% in the first half of 2025, totaling approximately 24 million [5] - Retail sales value in May 2025 was estimated at HKD 31.32 billion, a 2.4% increase year-on-year, surpassing market expectations [5] - The Hong Kong Ocean Park saw a 19% increase in visitor numbers in May and June compared to the previous year, driven by the addition of new giant pandas [4] Group 4: Trade and International Relations - Hong Kong has signed 9 free trade agreements with 21 economies and 24 investment agreements with 33 economies, expanding its trade network [7] - The overall export value of goods from Hong Kong increased by 11.9% year-on-year in June 2025, marking 16 consecutive months of growth [8] - The establishment of a London Metal Exchange warehouse in Hong Kong is expected to enhance the efficiency of metal delivery in the Asian time zone [7] Group 5: Innovation and Development Initiatives - Hong Kong has launched several innovative measures, including a cross-border payment system and a digital asset development policy framework [3] - The government aims to enhance the breadth, depth, and efficiency of the financial market by encouraging new products and attracting new investments [3] - The Hong Kong government is optimistic about long-term prospects, with significant investments planned in real estate and aviation sectors [6]