Hong Kong's Financial Secretary Paul Chan announced at the Global Financial Leaders' Investment Summit that the city plans to expand its gold storage capacity to over 2,000 metric tonnes within three years.
He extended an invitation to central banks and international investors worldwide to store their gold in Hong Kong.
The Hong Kong Gold Central Clearing and Settlement System is expected to go live in the first quarter of next year.
Meanwhile, Hong Kong Exchanges and Clearing is preparing to launch a new RMB-denominated gold futures contract with physical settlement, reinforcing Hong Kong's infrastructure as an international gold trading hub.
Paul Chan remarked that artificial intelligence presents development opportunities comparable to the electrification of factories in the late 19th century.
Beyond reducing costs and boosting efficiency in existing business processes, AI's deeper value lies in reshaping product forms, organizational structures, and business models, he noted.
He mentioned that the Hong Kong government will provide full-chain support tailored to different development stages of innovative enterprises.
Hong Kong's public markets connect companies with international capital.
The A+H dual-listing mechanism helps mainland Chinese enterprises access global investors while also enabling international investors to share in the growth dividends of the Chinese market.
Hong Kong's positioning extends beyond serving as a financing platform for overseas companies; it is also focused on nurturing local innovative enterprises, with the Northern Metropolis serving as the core hub for cultivating the technology and innovation industry.
Another key direction for Hong Kong is expanding connectivity across economies and asset classes, continuously deepening ties with the Global South, covering regions such as Southeast Asia, the Middle East, and Central Asia, and transforming bilateral economic and trade cooperation into substantive investment channels.
He welcomed enterprises from Southeast Asian countries including Indonesia, Thailand, and Malaysia to list in Hong Kong.
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