Hong Kong Pushes to Become Global Gold Hub
The Financial Services Development Council convened around 60 participants from more than 50 companies across the gold value chain on 28 September.
Updated on Nov. 5, 2026 in Financial Services
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The Financial Services Development Council brought together around 60 participants from over 50 companies on 28 September, including miners, refineries, transportation firms, storage providers, banks, insurers, asset managers, jewellers and tokenisation specialists. All participating companies already have a business presence in Hong Kong.
Why it matters
Hong Kong is seeking to strengthen its position as a gold hub, a goal that depends on the presence of ecosystem players across the value chain. Asia is the biggest buyer of precious metals such as gold, combining India and China.
The Five-I Framework sets five priorities (issuers, investors, intermediaries, instruments and infrastructure) after consultations with around 600 industry participants. The extraction does not detail resulting deal volumes or revenue targets.
The players
Financial Services Development Council
The Hong Kong government-linked body that advises on developing the city's financial services sector and set out the Five-I Framework.
The details
Tung delivered the message in a keynote address at the Asian Banking & Finance and Insurance Asia Summit 2026 in Hong Kong. The FSDC's Five-I Framework identifies issuers, investors, intermediaries, instruments and infrastructure as its priorities.
Timeline
28 September 2026: FSDC convenes around 60 participants from over 50 companies.
2026: Keynote address delivered at the Asian Banking & Finance and Insurance Asia Summit in Hong Kong.
Market Landscape
The Five-I Framework, built on roughly 600 industry consultations, positions Hong Kong to compete for gold trade as Asia remains the largest buyer of precious metals. Geopolitical shifts could make Asia more attractive to precious metals investors and asset owners.
Investors and businesses in precious metals may see Hong Kong expand its role in gold trading and storage over time. The extraction does not specify any immediate change to pricing or product availability for consumers.
The takeaway
Hong Kong is building an integrated gold ecosystem by bringing together miners, banks, insurers and asset managers under one framework. Companies watching precious metals markets should track whether the Five-I priorities translate into concrete listings and investment flows.
Further reading
Explore more on Financial Services to see how Hong Kong is positioning its banking and capital markets.
Source note: This article includes information reported by Asian Banking & Finance.
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