Hong Kong Financial Secretary Paul Chan Mo-po: Further explore closer integration with the Mainland gold market

Golden Data October 20th News, on October 20th, Financial Secretary of the Hong Kong Special Administrative Region Government, Chen Maobo, expressed in a blog post that building an international gold trading center is one of the new entry points to consolidate and enhance Hong Kong’s status as an international financial, shipping, and trading center. Hong Kong plans to increase gold storage facilities and will further explore greater connectivity with the mainland gold market. Chen Maobo stated that Hong Kong’s gold trading volume has been increasing, with the turnover of the Gold and Silver Industry Trading Floor steadily rising over the past decade, with a compound annual growth rate of over 18%, and a yükseliş of about 20% in the first quarter of this year compared to the same period last year. With the development of the global gold market, there is great yükseliş potential in Hong Kong’s physical gold trading.