Xu Zhengyu: Hong Kong is gradually building a complete commodity trading ecosystem to enhance competitiveness comprehensively.

According to the application of Wisdom Finance, the director of the Hong Kong Financial Affairs and Treasury Bureau, Christopher Hui, replied in writing to legislators' questions, stating that the government is actively building a trading ecosystem for commodities with the development of the international gold trading market as a starting point. The gold central clearing and settlement system began trial operation in July this year. The Hong Kong Airport Authority has also launched a project for storage facilities with a capacity of thousands of tons. At the same time, several private institutions (including banks) are actively expanding their storage capacity.