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Paul Chan: HK Govt to Formulate, Implement Comprehensive Commodity Development Strategy
The Strategic Committee on Commodities, chaired by Financial Secretary Paul Chan, held its first meeting today (22nd). Under the multiple drivers of geopolitical shifts, technologi...
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Paul Chan: HK Govt to Formulate, Implement Comprehensive Commodity Development Strategy
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The Strategic Committee on Commodities, chaired by Financial Secretary Paul Chan, held its first meeting today (22nd).

Under the multiple drivers of geopolitical shifts, technological changes and green transformation, the global supply and demand situation for commodities such as precious metals, non-ferrous metals, traditional energy and materials related to new energy is undergoing profound changes, Chan said.

Over the past 1-2 years, Hong Kong has been actively constructing a more vibrant commodity ecosystem by joining the London Metal Exchange (LME)'s global warehouse network to facilitate physical metal delivery activities, and accelerating the establishment of an international gold trading market, etc., Chan added.

Moving forward, the Hong Kong government will formulate and implement a comprehensive commodity development strategy through high-level strategic planning to seize future development opportunities.

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