On the afternoon of November 5, Yan Diyong, Party Secretary and Vice Chairman of the China Gold Association, met with Liu Kaixuan, Director of Investment Promotion of the Hong Kong Special Administrative Region Government, and his entourage in Beijing. The two sides had an in-depth exchange of views and reached broad consensus on topics such as building an international gold trading market in Hong Kong, deepening the collaborative development of the mainland and Hong Kong gold industry, and supporting mainland gold and other precious metals companies to rely on the Hong Kong platform to expand overseas markets. Liu Kaixuan said that the Hong Kong Special Administrative Region Government has listed the gold industry as the core gripper for building a commodity trading ecosystem, giving full play to Hong Kong's unique advantages, promoting gold refining, trading and clearing, storage reserves, financial products, gold and jewellery and supporting infrastructure in an integrated manner, and concentrating on building an international gold industry ecosystem. She said that Hong Kong is backed by the motherland and connected to the world. It has outstanding advantages such as capital flow, common law system, and offshore RMB business hub, and is a high-quality platform for mainland enterprises to expand the international market. The Hong Kong Investment Promotion Department will provide one-stop service implementation support for mainland gold and other precious metals enterprises, making full use of Hong Kong as a fulcrum to establish overseas business opportunities.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.