Financial Secretary Paul Chan framed the move as a direct response to the National 15th Five-Year Plan, which explicitly supports Hong Kong's role in creating a robust commodity trading ecosystem. By establishing the Hong Kong Precious Metals Central Clearing Company Limited (HKPMCC), a government-owned entity, officials aim to provide a reliable framework for both bilateral and over-the-counter transactions. The system is designed to streamline clearing, settlement, and price discovery for a diverse range of participants, including banks, refiners, and institutional investors.
Beyond the clearing platform, the government is rolling out a series of strategic measures to deepen market connectivity. These include the initial phase of Delivery Connect with the Shanghai Gold Exchange, the introduction of an HAU price ticker, and expanded storage and refining capabilities. Secretary for Financial Services and the Treasury Christopher Hui stated that the goal is to build an integrated platform capable of handling global demand for risk management and storage. With the first batch of gold already secured in designated vaults, the city is positioning itself to capture increased flow between Mainland China and international markets through enhanced tax incentives and modernized investment product offerings.




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