The London Metal Exchange, a subsidiary of Hong Kong Exchanges and Clearing Limited, announced on the 20th that Hong Kong will be included as a licensed delivery location within its global warehouse network, accepting applications from warehouse operators for licenses to store metals registered with the London Metal Exchange. The Hong Kong SAR government announced on the same day that it welcomes the London Metal Exchange to include Hong Kong as its permitted delivery location. The Secretary for Financial Services and the Treasury of the Special Administrative Region Government, Xu Zhengyu, said that the development of related commodity trading will play a leading role in the development of financial, shipping, and trade centers. The approval of Hong Kong as the delivery location for the London Metal Exchange will bring high efficiency and comprehensive services to the global metal market, leverage the advantages of Hong Kong's system and legal framework, highlight Hong Kong's role as a "super contact" and "super value-added person", and connect mainland and international business opportunities. He also stated that establishing a licensed warehouse for the London Metal Exchange in Hong Kong can provide a more convenient, cost-effective, and secure delivery route for related metal transactions in the region. It can also increase demand for Hong Kong's trade, shipping, warehousing, and transportation industries, strengthen the commodity ecosystem, and lay the foundation for future expansion of related financial transactions. I hope that a recognized warehouse can be put into operation in Hong Kong as soon as possible. (New Society)