LCQ7: Taking forward development of a commodity trading ecosystem
Following is a question by the Hon Alan Chan and a written reply by the Acting Secretary for Financial Services and the Treasury, Mr Joseph Chan, in the Legislative Council today (November 4): Question: Hong Kong's First Five-Year Plan (the Five-Year Plan) proposes developing a commodity trading ecosystem with gold as an entry point; it is also announced in the Chief Executive's 2026 Policy Address that a Joint Working Group on Commodity Trading (Working Group) will be established to take forward measures such as Renminbi (RMB) gold futures, international metal trading and warehouse-receipt financing. There are views that if Hong Kong can integrate the Mainland's demand for international energy with industries' demand for raw materials and commodities, it will help enhance the country's pricing power in the international energy and commodity markets, and promote the synergistic development of financial, trade and maritime services. In this connection, will the Government inform this Council: (1) how the Working Group will co-ordinate the Hong Kong Exchanges and Clearing Limited, financial regulators and the industry to assess Hong Kong's strengths and shortcomings in commodity trad
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