Enhancing and expanding Hong Kong’s commodity market offerings will strengthen the city’s economic resilience and elevate its global competitiveness, solidifying its position as a financial powerhouse in an increasingly complex and interconnected world. This strategic move also aligns with the Government’s endeavours to bolster the commodity ecosystem, particularly in gold trading.
Given Hong Kong's proximity to the Chinese Mainland and its robust financial infrastructure, tapping into the commodity market aligns with global trends and initiatives like the Belt and Road Initiative. As a trusted trading hub, Hong Kong can leverage its strategic location and established financial systems to drive market efficiency and capitalise on opportunities in commodities related to metals and energy transitions.
To expand its market offerings, Hong Kong should focus on enhancing physical commodity trading before venturing into futures trading, leveraging the expertise of the Hong Kong Stock Exchange. By strengthening the market ecosystem, targeting strategic commodities, and enhancing market connectivity, Hong Kong can position itself as a key player in the global commodity market.
The FSDC has formed a working group composed of industry experts to provide strategic guidance, conduct research, and collaborate with stakeholders to drive the growth of Hong Kong's commodity market. This report offers actionable recommendations for Hong Kong to realise its potential as a prominent player in the international commodity market, outlining a roadmap for short, medium, and long-term growth and development.
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