Hong Kong unveils incentives to attract gold refiners and boost global hub plan

Hong Kong is introducing incentives to attract precious metals companies and establish itself as a global gold trading hub. InvestHK will assist companies establishing headquarters in Hong Kong with site selection and overseas certification applications to improve refining operations. The agency will also work with the Shanghai Gold Exchange and Shenzhen's financial regulatory bureau to support trade between Hong Kong gold merchants and qualified mainland refiners. This initiative aims to help refiners obtain LBMA certification, the global standard for precious metals refining. Hong Kong's ambition is to create a complete gold value chain, encompassing trading, refining, storage, and various financial products.

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