Charles Li, Chief Executive of the Hong Kong Exchange (00388.HK), said in an interview with Cable News that the proposal in the policy address to establish a csi commodity equity index was seen as beneficial to promoting surrounding logistics and financing opportunities in Hong Kong.
In fact, the London Metal Exchange (LME) under the Hong Kong Exchange has previously indicated that they are researching the possibility of opening approved warehouses in Hong Kong. Bonnie Chan Yi-Ting revealed that the initial feasibility study mainly involves tax and regulatory issues, and progress is good at the moment. It is hoped that there will be good news by the end of the year, followed by the launch of the second phase of work. She added that once the basic conditions of the second phase are met, the matching work should begin, involving warehouse operators and some local logistics companies in Hong Kong who need to decide whether to open warehouses.
She believes that the mainland has a considerable scale in metal production and usage, and Hong Kong can play a role by connecting with the mainland. Having a warehouse in Hong Kong connected to the mainland could save a lot of costs and time in terms of delivery, thereby enhancing competitiveness. As for the selection of warehouse locations, she mentioned that it should be discussed by relevant industry professionals. She thinks that successfully establishing warehouses could bring about many business opportunities, including logistics and financing.
Regarding her vision and goals during her term, Bonnie Chan Yi-Ting mentioned that she will continue to try to boost stock market liquidity and maintain it at a high level in the long run. In addition to excelling in the 'core business,' she will also actively explore new business ventures, such as carbon credit trading.