Core Insights - The Hong Kong Financial Development Council (HKFDC) released a report titled "Unlocking Hong Kong's Potential: Growth Prospects for Expanding the Commodity Market," emphasizing Hong Kong's position as a leading international financial center and its potential to enhance economic resilience through the expansion of its commodity market [1] Group 1: Market Development - The report suggests that strengthening the commodity market ecosystem in Hong Kong is essential for enhancing market efficiency and stimulating trading activities [1] - Key recommendations include focusing on the development of major commodities that align with regional advantages and strategic goals, particularly in gold, iron ore, copper, and aluminum [2] Group 2: Strategic Importance - The report highlights the importance of establishing a robust physical commodity trading foundation before expanding into futures trading, as a strong spot market can significantly activate futures trading [2] - The ongoing global energy transition and the Belt and Road Initiative present new opportunities for commodity trading in Hong Kong [2] Group 3: Role of HKEX - The HKFDC identifies the Hong Kong Stock Exchange (HKEX) as an ideal candidate to drive further development in the commodity sector [1] - The report emphasizes the need for enhanced connectivity between mainland China and Hong Kong's commodity markets to facilitate growth [1]