Hong Kong will submit the legislation for a proposed half-tax concession on qualifying commodity trading activities to the Legislative Council, enhancing the city’s related trading ecosystem, according to Financial Secretary Paul Chan Mo-po.
Speaking at the LME Asia Metals Seminar 2025, Chan noted that global markets saw sustained strength in non-ferrous metals last year, with significant growth in new energy metals — reflecting global industrial transformation and technological advancement.
He expects metal demand to continue accelerating in the coming years.
Chan said the London Metal Exchange, a subsidiary of Hong Kong Exchanges and Clearing (0388), has approved seven licensed warehouse locations in Hong Kong.
The SAR government will continue to advance policies to support this development, Chan said.
He added that amid global and regional geo-economic fragmentation, Hong Kong holds unique advantages and is well-positioned to capture growth momentum and become a central platform for industry development.
STAFF REPORTER
