The government on Friday said they will be making a full push to develop Hong Kong into an international gold trading centre, as the local economy continues to recover.

Speaking at an opening ceremony for the commodity's first trading day in the Year of the Horse, Undersecretary for Financial Services and the Treasury, Joseph Chan, said the government aims to make the city a regional gold storage hub, with more than 2,000 tonnes of the precious metal within three years.

He said officials are also encouraging bullion dealers to set up or expand refining facilities in the city.

Chan added that the government has signed a memorandum of cooperation with the Shenzhen Municipal Financial Regulatory Bureau to support Hong Kong gold dealers.

He said authorities will also promote closer cooperation between Shanghai and Hong Kong gold markets, while a government-owned gold clearing system in the SAR is expected to begin a trial operation within this year.

The undersecretary also noted that economic growth has been consistent.

"With capital continuing to flow into the city, our visitor arrivals kept rising, overall exports and fixed asset investments performed well, and local consumption has stabilised, helping the real GDP grow by 3.5 percent in 2025."



Edited by Aaron Tam