Hong Kong's Financial Services and the Treasury Bureau Director, James Lau: Welcome London Metal Exchange's approval of adding three new accredited warehouses.

Hong Kong Financial Services and Treasury Bureau Director Kelvin Hui welcomed the approval of Yuen Long's three warehouses as approved warehouses by London Metal Exchange, a fully-owned subsidiary of Hong Kong Exchanges and Clearing Limited. This decision signifies strong support from the industry for the policy direction of promoting commodity trading as outlined in the Chief Executive's Policy Address for 2025, and will further enhance Hong Kong's commodity trading ecosystem, solidify its position as an international financial, shipping, and trading center. Hui stated: "Hong Kong has been included in the global warehouse network of London Metal Exchange for less than nine months. With the approval of these three new warehouses, along with the eight that were previously approved, the total number of approved warehouses in Hong Kong by London Metal Exchange has increased to 11, giving Hong Kong a hardware advantage and helping to establish Hong Kong as an important delivery hub for the London Metal Exchange in Asia. The three new warehouses can immediately start operations, providing efficient delivery options for participants in international metal trading, and driving the development of Hong Kong's shipping and other related services."