The 2025 LME Asia Week

Focus on the Establishment of LME Warehouses and Commodity Ecosystem in Hong Kong, Strongly Supported by the HKSAR Government

Last year, the Hong Kong Stock Exchange announced a feasibility study on making Hong Kong an approved delivery point for the London Metal Exchange (LME). The study was successfully completed earlier this year. During this process, the Hong Kong Energy, Mining and Commodities Association has worked tirelessly with the LME to advance the initiative. As of last week, five LME warehouse operators have been approved to set up warehouses in the Hong Kong SAR, marking a crucial step forward in the development of Hong Kong's commodity market.

At this year’s LME Asia Week, the construction of LME warehouses and the broader commodity ecosystem in Hong Kong became a central topic. The supportive policies of the Hong Kong SAR Government also drew significant attention. Market participants responded positively to the establishment of LME warehouses in Hong Kong, offering strong recognition and support, which has greatly encouraged us. The efforts of our Association over the past three years have not been in vain, and we have once again demonstrated Hong Kong’s role as an international “super-connector.” Our President, Mr. Ken Huang, was also invited to sit at the main table in recognition of his outstanding contributions, engaging in deep exchanges with guests from various sectors.

During the LME Asia Metals Seminar and Gala Dinner, Financial Secretary Mr. Paul Chan and Deputy Financial Secretary Mr. Michael Wong delivered special remarks, stating that the Hong Kong Government will continue to promote policies in the commodity sector and support ecosystem development through initiatives such as tax incentives. Our Association believes that the establishment of warehouses is only the starting point. The next step is to unite industry strength to make breakthroughs in key areas such as commodity financing and cross-border settlement, thereby activating market liquidity. Going forward, we will continue to work with all parties to promote the prosperity and development of Hong Kong’s commodity ecosystem.