Hong Kong’s metal storage hits 30,000 tonnes in push to become global commodity hub

Hong Kong's ambition to become a leading gold and commodity trading hub is progressing, with local metal storage now exceeding 30,000 tonnes. This development, announced by Secretary for Financial Services and the Treasury Christopher Hui Ching-yu on Friday, is part of the administration's strategy to attract global capital. The government also plans to expand renminbi settlement for mainland Chinese services, such as purchasing water from the Dongjiang. This initiative aims to further the internationalization of the Chinese yuan. These efforts collectively position Hong Kong as a preferred destination for international finance and trade.