Hong Kong plans to introduce specific incentives aimed at attracting gold refiners and other precious-metals companies, focusing on overseas certifications and cross-border trading, according to InvestHK’s Benjamin Wong Kwok-fan on Thursday. “The purpose is to assist those setting up refineries in Hong Kong that haven’t yet obtained LBMA certification,” Wong said, pointing to London Bullion Market Association standards as the benchmark for wholesale bullion transactions. The city is looking to team up with the Shanghai Gold Exchange and regulators in Shenzhen to facilitate trade between Hong Kong merchants and qualified mainland refiners, with ambitions covering everything from ETF-linked products to tokenised gold.