Hong Kong plans gold futures relaunch to tap China demand

Hong Kong Exchanges and Clearing will relaunch gold futures in coming months as demand grows in mainland China. Officials aim to expand products, clearing, and storage facilities.

The Hong Kong Exchanges and Clearing is pressing ahead with the relaunch of gold futures contracts. Mainland China's rising appetite for the metal drives the move.

Financial Secretary Paul Chan Mo-po spoke at the LME Asia Metals Seminar 2026 in Hong Kong on Thursday. He said the city would keep introducing new gold products and facilities.

Acting Secretary Joseph Chan Ho-lim told lawmakers on Monday that the exchange plans the relaunch soon and will seek market feedback. Asia accounts for 60 percent of global annual gold demand, Chan added.

Lawmaker Robert Lee Wai-wang said the effort looks more promising now because the government is building an ecosystem for clearing and storage with support from Beijing.

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Hong Kong Financial Secretary Paul Chan presents the 2026 budget at the Legislative Council, highlighting AI and infrastructure investments amid fiscal surplus charts and public criticism over no cash handouts.
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Hong Kong budget stresses long-term investments amid public criticism

AI द्वारा रिपोर्ट किया गया AI द्वारा उत्पन्न छवि

Hong Kong Financial Secretary Paul Chan unveiled the 2026 budget on Wednesday, emphasizing investments in artificial intelligence and infrastructure while facing criticism for the absence of direct cash handouts to residents. The budget projects a surplus and includes a rare transfer from the Exchange Fund.

Hong Kong's initial public offering market has raised more than HK$140 billion (US$17.9 billion) as of April, maintaining its global lead, Financial Secretary Paul Chan Mo-po said, while indicating a renewed push for gold trading amid rising demand for risk diversification. Chan stated on Sunday that the city remains the world's top IPO fundraising hub.

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Hong Kong Exchanges and Clearing (HKEX) CEO Bonnie Chan Yiting and Bursa Malaysia CEO Dato Fad’l Mohamed announced collaboration plans on Wednesday in Hong Kong, covering dual listings, exchange-traded funds (ETFs) and Islamic finance. In their first major tie-up, HKEX has licensed Da Cheng International Asset Management to issue an ETF tracking the HKEX Bursa Malaysia Large Cap Index. Chan said the move underscores investor demand for cross-border products.

An opinion piece in the South China Morning Post states Beijing's plans assure steady, high-quality growth and stable relations, with Hong Kong taking a bigger role in national development. It highlights a shift to a growth target range as reflecting strategic flexibility.

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InvestHK director general Lau Hai-suen says Hong Kong should leverage its “safe haven for investment” status to attract foreign capital amid Middle East conflict, with firms using Dubai as a hub shifting to the city to diversify risk. The call comes as finance chief Paul Chan Mo-po continues a visit to Beijing.

Hong Kong’s leader has pledged to align the city with national strategies in China’s latest five-year plan and turn Beijing’s assigned “new positionings, functions and missions” into tangible outcomes to drive economic growth. Chief Executive John Lee Ka-chiu said he would lead the government in uniting society to proactively align with the 15th five-year plan, which sets China’s economic and social development targets for 2026 to 2030. His comments followed the approval of the plan’s outline by China’s top legislature.

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Hong Kong's Finance chief Paul Chan says the city will channel capital and innovation into the global green transition for carbon-neutral development. Speaking at a symposium on low-carbon transition and sustainable development, he highlighted Hong Kong's role in green finance and technology.

 

 

 

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