The “First Five-Year Plan for Economic and Social Development of the Hong Kong Special Administrative Region” was announced today. It proposes to use gold as an entry point to build a commodity trading ecosystem. Comprehensively promote the collaborative development of clearing systems, warehousing, supply and infrastructure related to gold trading, and give full play to the role of gold as a strategic asset. Target major international gold trading centers in the long term to achieve a parallel development pattern of software and hardware. Accelerate the construction of infrastructure to provide efficient and reliable services for international standard gold trading. Comprehensive support for more financial merchants and financial institutions to settle in Hong Kong and expand their capacity and increase. Comprehensively enhance Hong Kong's gold storage capacity and refining capacity. Strengthen the training of local talents and study the provision of further preferential policies for gold-related enterprises. Deepen local and mainland gold market cooperation, actively promote connectivity, build one-stop storage, trading, clearing and service centers, and build an integrated gold ecosystem. Explore the development of the renminbi-denominated gold market and commodity market, strengthen cooperation with mainland exchanges such as the Shanghai Gold Exchange and the Shanghai Futures Exchange, increase efforts to attract international investors, and increase renminbi-priced products.

The “First Five-Year Plan for Economic and Social Development of the Hong Kong Special Administrative Region” was announced today. It proposes to use gold as an entry point to build a commodity trading ecosystem. Comprehensively promote the collaborative development of clearing systems, warehousing, supply and infrastructure related to gold trading, and give full play to the role of gold as a strategic asset. Target major international gold trading centers in the long term to achieve a parallel development pattern of software and hardware. Accelerate the construction of infrastructure to provide efficient and reliable services for international standard gold trading. Comprehensive support for more financial merchants and financial institutions to settle in Hong Kong and expand their capacity and increase. Comprehensively enhance Hong Kong's gold storage capacity and refining capacity. Strengthen the training of local talents and study the provision of further preferential policies for gold-related enterprises. Deepen local and mainland gold market cooperation, actively promote connectivity, build one-stop storage, trading, clearing and service centers, and build an integrated gold ecosystem. Explore the development of the renminbi-denominated gold market and commodity market, strengthen cooperation with mainland exchanges such as the Shanghai Gold Exchange and the Shanghai Futures Exchange, increase efforts to attract international investors, and increase renminbi-priced products.