Core Viewpoint - The Federal Reserve has reduced interest rates by 0.25%, signaling a trend towards a more accommodative monetary environment, which is seen as beneficial for investment and business planning [1] Economic Impact - The Financial Secretary of Hong Kong, Paul Chan, indicated that the interest rate cut would not lead to an adjustment in the economic growth forecast for Hong Kong, which is projected to grow by 2% to 3% for the year, following a 3% growth in the first half [1] Strategic Initiatives - The government plans to promote the development of gold storage facilities in Hong Kong, aiming to exceed 2,000 tons within three years, as part of efforts to enhance Hong Kong's status as an international financial center [1] - The initiative includes the construction of facilities at the airport and recognizes gold as a strategic commodity, with Hong Kong positioned advantageously due to its proximity to the mainland, which is the largest gold consumer globally [1]

Core Viewpoint - The Hong Kong government aims to expand gold storage capacity to over 2000 tons within three years, with a target of increasing the Airport Authority's storage to 1500 tons and involving financial institutions in the process [1] Group 1: Gold Storage Expansion - The Hong Kong government plans to enhance gold storage capabilities, targeting a total of over 2000 tons, which includes contributions from both the Airport Authority and financial institutions [1] - Financial institutions will determine suitable locations for gold storage based on their specific needs, and the government will assist private market entities interested in participating [1] Group 2: Payment in Renminbi - The government is exploring the possibility of using Renminbi for government expenditures in appropriate scenarios, reflecting Hong Kong's increasing role in the national economy [1] - Current usage of Renminbi for government payments is limited, with some transactions, such as purchasing services in mainland China, already conducted in Renminbi [1]