Lates News

On September 17th, Chief Executive of the Hong Kong Special Administrative Region, Carrie Lam, delivered the 2025 Policy Address at the Legislative Council. Lam announced that the Hong Kong government will establish a "Commodity Strategy Committee" led by the Financial Secretary to enhance the top-level design and long-term strategic planning of commodity policies, with representatives from the industry. At the same time, Hong Kong will continue to promote the development of the commodity trading ecosystem as outlined in last year's Policy Address. This includes initiatives such as supporting the establishment of more recognized warehouses by industry players, providing half-tax incentives for commodity traders to set up in Hong Kong to boost demand for shipping and professional maritime services, and utilizing financial innovation to optimize international commodity trading processes. This includes collaboration with the Hong Kong Monetary Authority and the Central Bank of Brazil to test electronic bill of lading and tokenization of deposits to facilitate trade. Furthermore, efforts will be made to deepen connections with the Guangzhou Futures Exchange and other commodity markets in mainland China to support the internationalization of China's commodity market.