Hong Kong Seeks to Expand Gold Market Amid Rising Asian Demand

Hong Kong has been actively promoting the development of its gold market in recent years. According to Ming Pao, Deputy Secretary for Financial Services and the Treasury, Joseph Chan, highlighted the increasing demand for gold in Asia as an opportunity for Hong Kong to capitalize on. He noted that investors are incorporating gold into their asset allocations to meet their investment needs. Currently, Hong Kong is encouraging more gold traders to establish operations in the city and plans to enhance processing services when appropriate.