Paul Chan: Govt Studying Feasibility of Dedicated Mediator Panel for Commodities Trading, while Actively Promoting More RMB-denominated Commodity Products
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Financial Secretary Paul Chan announced that the Hong Kong Government is exploring the establishment of a dedicated mediator panel for commodities trading, in collaboration with the International Organization for Mediation. This initiative aims to provide efficient mediation services for disputes in the commodities sector, thereby enhancing market confidence and supporting Hong Kong's ambition to become a global commodities trading hub. Additionally, Chan emphasized the promotion of more RMB-denominated commodity products to aid in exchange rate risk management and bolster China's influence in global pricing.
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