Paul Chan: possible commodities mediation panel to boost gold trading hub ambitions

發佈日期: 2026-05-07 20:09

TVB News

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Financial Secretary Paul Chan says Hong Kong is working with the International Organization for Mediation, headquartered in Hong Kong, to study the creation of a dedicated panel of mediators for commodities trading disputes. 

For the first time, Beijing's 15th Five-Year Plan highlights its support in building a commodities trading ecosystem in Hong Kong. 

Commodities include bulk-traded raw materials such as gold, silver, agricultural products and fuels.

Speaking at the LME Asia Metals Seminar 2026, Chan said the proposed panel under the International Organization for Mediation would provide a neutral, expert-led mechanism to handle disputes across the entire commodities value chain.

They include upstream mining and production, midstream trading and clearing, and downstream warehousing and delivery. 

Financial Secretary PAUL CHAN: "This will provide a neutral, expert-led mediation mechanism for dispute, arising across the commodities value chain. This initiative complements our strategy to develop Hong Kong into a leading gold and commodities trading hub, and helps facilitate cross-border transactions, mitigate risks and strengthen market confidence among global market participants."

Chan adds that Hong Kong is rolling out multiple measures, including legislation in the first half of this year to offer tax concessions for commodities traders to set up in the city.

Meanwhile, Hong Kong Exchanges and Clearing is expected to relaunch gold futures trading.

It was halted more than a decade ago due to low turnover within months of its earlier launch. 

Under Secretary for Financial Services and the Treasury Joseph Chan says integrating gold futures with physical gold trading and storage would help attract investors. 

He notes that as the ecosystem grows, Hong Kong's pricing power and market influence will increase over time.