Paul Chan, Secretary for Finance of the Hong Kong Special Administrative Region Government, stated that following the signing of a cooperation agreement with the Shanghai Gold Exchange earlier this year and the establishment of the Hong Kong Gold Central Clearing System, we will: explore providing tax incentives to eligible institutions conducting gold trading and settlement in Hong Kong; assist the industry in establishing a trade association to pool resources, strengthen promotion, and expand connections with domestic and international counterparts; and assist the industry in understanding the latest developments in the gold market, acquiring relevant skills, and establishing a training framework.