Edward Yau: The SAR government will attract more metals and commodities to be stored and traded in Hong Kong, promoting the development of the gold industry and related financial services.

According to the Wise Finance APP, on July 18, Carrie Lam, Chief Executive of the Hong Kong Special Administrative Region Government, attended the inaugural ceremony of the board of directors of the Hong Kong Gold Exchange and the 115th anniversary celebration banquet of the Gold and Silver Trade Market. In her speech, she said that currently, the world is experiencing unprecedented changes that are accelerating, global geopolitics are unpredictable, and uncertainty is increasing. The demand for gold as a safe haven asset has significantly increased, making it an important part of global fund allocation. Last year, global gold demand was about 4,550 tons, reaching a new high since 2000. As the global economy fluctuates, the Asian market is gradually rising, now accounting for over 60% of global gold demand each year. The demand for gold trading and diversified storage by surrounding economies is also significantly increasing.