Hong Kong deputy finance chief outlines reforms to bolster financial hub status

Hong Kong's deputy finance minister, Wong, announced a series of listing changes and new product launches aimed at strengthening the city's role as a global financial hub. The measures include reforms to bond futures and a strategic push into gold, with plans to expand storage and refinery capacity and reactivate a US dollar gold futures contract. The consultation period for these reforms closed last month, and the Hong Kong Exchanges and Clearing (HKEX) is currently reviewing feedback before finalizing the measures. Wong emphasized the government's commitment to making Hong Kong an even stronger international financial center.