Li Jiachao: Expanding the gold trading center will be where the opportunities lie.

The Chief Executive of the Hong Kong Special Administrative Region, Carrie Lam, believes that expanding the gold trading center will be an opportunity. As an international financial center, Hong Kong must diversify its development. Lam pointed out in an interview that the stock market in Hong Kong has been quite successful. As the global political environment becomes increasingly complex, gold assets with a safe-haven nature are favored by investors. He mentioned that during last year's policy address consultation, many mainland institutional investors were found to be participating in gold trading. In addition to trading in the mainland, there is also considerable demand for gold trading in overseas markets, making them important participants in the international gold market. If Hong Kong becomes a gold trading center in the Asia-Pacific region, physical delivery will be more convenient for mainland investors. He emphasized that Hong Kong needs to establish its own gold storage with a target of exceeding 2,000 tons in 3 years to complement the future development of the gold trading settlement system in Hong Kong. Lam believes that if Hong Kong can become a gold trading center, more trading, settlements, and even physical deliveries will take place in Hong Kong, bringing significant multiplier effects to the city. In addition to promoting the development of financial products, it will also create more opportunities for professional services, making it a win-win policy.