Hong Kong's Financial Secretary, Paul Chan, announced in the 2026-2027 Budget that following a cooperation agreement signed with the Shanghai Gold Exchange earlier this year and the establishment of a Hong Kong Gold Central Clearing System, the government will take several steps to develop the sector. These measures include studying tax incentives for eligible institutions conducting gold trading and settlement in Hong Kong. Additionally, the government will support the industry in forming an association to pool resources, enhance promotion, and expand connections with domestic and international counterparts. Further efforts will involve helping industry players understand the latest developments in the gold market, master relevant skills, and establish a training framework.