Hong Kong Treasury Bureau Chen Haolian: Four storage facilities pass LME preliminary inspection, the earliest will be put into service in July.

According to the Zhtng financial app, on May 14th, Hong Kong Financial Secretary, Paul Chan Mo-po, replied to questions from legislators, stating that the London Metal Exchange (LME), a wholly-owned subsidiary of the Hong Kong Stock Exchange, included Hong Kong as a licensed delivery location for its global warehouse network in January of this year. They have begun accepting applications from warehouse operators to become recognized warehouses. In April of this year, LME announced the approval of the first four recognized warehouses to be established in Hong Kong. These recognized warehouses must comply with relevant technical requirements, such as loading standards for metals. The four storage facilities have passed the initial inspection by LME and meet the relevant standards for transportation and logistics. They are currently preparing for system integration and are expected to gradually begin services as early as July of this year.