Hong Kong is actively enhancing its status as an international gold trading center. According to government plans, Hong Kong aims to increase its total gold storage capacity by more than tenfold to 2,000 tons by 2030. Additionally, to support larger trading volumes, Hong Kong has established a central gold clearing and settlement system, which is expected to officially launch early next year. The government will also halve the profits tax rate for eligible physical commodity traders from 16.5% to 8.25% and increase the gold portfolio of the Exchange Fund. Hong Kong Chief Executive John Lee, in his policy address last month, emphasized the importance of accelerating the development of the international gold trading market and pledged to build a commodity trading ecosystem with gold as an entry point through a series of coordinated efforts. Hong Kong is also strengthening cross-border ties with mainland China and Southeast Asian countries, including signing a cross-border gold settlement agreement with Shanghai, collaborating with Shenzhen on gold processing and trading, and establishing a gold market cooperation corridor with Laos. Invest Hong Kong stated that these initiatives reflect the growing importance of China and Asia in the global economy, positioning Hong Kong to become an attractive global alternative regional gold hub.