Core Viewpoint - The Hong Kong government is establishing a "Commodity Strategy Committee" to enhance the top-level design and long-term strategy formulation for commodity policies [1] Group 1: Government Initiatives - The committee will be led by the Financial Secretary and will gather industry representatives to strengthen commodity policy [1] - Hong Kong will continue to promote the development of a commodity trading ecosystem, following the direction set in last year's policy report [1] Group 2: Infrastructure and Support - The London Metal Exchange, a wholly-owned subsidiary of the Hong Kong Stock Exchange, has approved eight delivery warehouses in Hong Kong, with plans to support the establishment of more recognized warehouses [1] - The government will provide half-tax incentives for commodity traders to set up in Hong Kong, which is expected to boost demand for shipping and professional maritime services [1] Group 3: Financial Innovation - Financial innovations will be utilized to optimize international commodity trading processes, including a collaboration between the Hong Kong Monetary Authority and the Central Bank of Brazil to test electronic bills of lading and deposit tokenization [1] - There will be a deepening of connections with the Guangzhou Futures Exchange and other domestic commodity markets to support the internationalization of the national commodity market [1]