Alan Hoo: Hong Kong can develop into a new economic financing center. Hope the Hong Kong Monetary Authority can expand cooperation in Southeast Asia.

The Director of Hong Kong Financial Services and Treasury Bureau, Christopher Hui, stated in an interview that Hong Kong can develop into a new economic financing center. He pointed out that as Chinese mainland companies become more internationalized, they are expected to use Hong Kong as a financing platform. In addition, there are already Kazakh listed companies applying for a secondary listing in Hong Kong, and Indonesian gold listed companies planning to apply for listing in Hong Kong. It is expected that more commodity enterprises will finance through Hong Kong. He mentioned that since the establishment of the Hong Kong Bullion Clearing Company, over 10 domestic and foreign banks and industry participants have joined, and it is expected to provide off-exchange clearing services in the future, in cooperation with warehouses, and may expand to other metals in the future. He also mentioned that the Hong Kong Exchange's existing gold futures may need to change contracts or even promote new products to match market developments. He stated that the Hong Kong Bullion Clearing Company aims to expand its market and promote cooperation in Southeast Asian countries, with collaboration models possibly including government-level transactions related to national gold reserves, and extending to private market commercial participation, in order to illustrate the facilities and conveniences Hong Kong can offer. As of the end of January this year, the London Metal Exchange (LME) has increased its recognized warehouses in Hong Kong to 15, storing up to 23,000 tons of bulk commodities. They will strive to encourage gold traders and bulk commodity industry participants to use more of Hong Kong's services.