MKS PAMP Opens New Regional Headquarters in Hong Kong, Strengthening Gold Trading Hub Status

Leading Swiss precious metals firm opens new office, marking next phase of Hong Kong's growth as regional headquarters and global trading hub

Invest Hong Kong (InvestHK) announced that MKS PAMP, a global Swiss precious metals firm, inaugurated its new regional headquarters in Hong Kong today (October 30), leveraging the city's position as a premier international gold trading centre to expand its footprint in the Asia-Pacific region. The inauguration was marked by a ribbon-cutting ceremony attended by senior executives from MKS PAMP, representatives of InvestHK, and key stakeholders from the financial and precious metals sectors.

MKS PAMP has maintained a substantial presence in Hong Kong for many years, with established offices and deep client relationships in the region. Building on this foundation, the inauguration of its new regional headquarters in the Central district represents an important expansion of the company's regional footprint. This strategic development elevates Hong Kong to the status of one of the company's three global trading hubs, alongside Geneva and New York. This provides seamless, round-the-clock coverage across all major time zones and assures the highest level of service to its regional clientele.

Acting Director-General of Investment Promotion of InvestHK Ms Loretta Lee said, "We are delighted to support MKS PAMP's expansion in Hong Kong. This decision not only reinforces the city's status as a leading international financial centre but also aligns with the Government's ongoing efforts to promote the city as an international hub for gold trading. MKS PAMP's expansion is a testament to Hong Kong's attractiveness as a destination for global businesses seeking to grow in the Asia-Pacific region."

The Chief Executive Officer of MKS PAMP, Mr James Emmett, said, "Hong Kong's world-class infrastructure and established role as a global financial centre make it a natural choice for this expansion. We see Hong Kong not only as a vital link to the Chinese Mainland's gold market but also its position at the nexus of Asia Pacific's precious metals market."

He added, "We value the Hong Kong Special Administrative Region Government's ongoing initiatives to strengthen its status as an international gold trading centre. This vision aligns seamlessly with our own, with Hong Kong consequently playing a strategic role in our regional and global aspirations."

He further explained, "As part of its regional growth strategy, MKS PAMP is expanding its team in Hong Kong and across the Asia-Pacific region. The Hong Kong headquarters will serve as the regional hub for the company's comprehensive suite of precious metals trading and financial services. Core functions based here will include regional sales and client relationship management, precious metals trading, treasury activities, and operational support."

For more information about MKS PAMP, please visit www.mkspamp.com.

For a copy of the photo, please visit: www.flickr.com/photos/investhk/albums/72177720329862261.

Leading Swiss precious metals firm opens new office, marking next phase of Hong Kong's growth as regional headquarters and global trading hub Source: HKSAR Government Press Releases

Hong Kong Customs detects two dangerous drugs cases and seizes suspected drugs worth about $7.95 million

Hong Kong Customs detected two dangerous drugs cases in Tseung Kwan O and Hong Kong International Airport respectively yesterday (May 21) and today (May 22), and seized a total of about 21.8 kilograms of assorted drugs with a total estimated market value of about $7.95 million. Two men and one woman, aged between 38 and 49, were arrested.

In the first case, Customs officers intercepted a 48-year-old man and a 49-year-old woman in Tseung Kwan O during an anti-narcotics operation yesterday afternoon. About 3.8kg of suspected drugs, including ketamine, methamphetamine, etomidate capsules, psilocybin mushrooms, MDMA and a batch of suspected drug packaging paraphernalia were found in their residence in the same district. They were then arrested.

In the second case, a 38-year-old male passenger arrived in Hong Kong from Amsterdam, the Netherlands, today. During customs clearance, Customs officers found about 18kg of suspected ketamine inside his check-in suitcase and 33 sticks of duty-not-paid cigarette inside his carry-on baggage. The man was subsequently arrested.

The arrested man and woman in the first case have been jointly charged with one count of trafficking in a dangerous drug and one count of possession of apparatus fit and intended for the inhalation of a dangerous drug. The case will be brought up at the Kwun Tong Magistrates' Courts tomorrow (May 23), while an investigation is ongoing for the second case.

Customs will continue to step up enforcement against drug trafficking activities through intelligence analysis. The department also reminds members of the public to stay alert and not participate in drug trafficking activities for monetary return. They must not accept hiring or delegation from another party to carry controlled items into and out of Hong Kong. They are also reminded not to carry unknown items for other people.

Customs will continue to apply a risk assessment approach and focus on selecting passengers from high-risk regions for clearance to combat transnational drug trafficking activities.

Under the Dangerous Drugs Ordinance, trafficking in a dangerous drug is a serious offence. The maximum penalty upon conviction is a fine of $5 million and life imprisonment.

Under the Dutiable Commodities Ordinance, cigarettes are dutiable goods to which the DCO applies. Any person who imports, deals with, possesses, sells or buys illicit cigarettes commits an offence. The maximum penalty upon conviction is a fine of $2 million and imprisonment for seven years.

Members of the public may report any suspected drug trafficking activities to Customs' 24-hour hotline 182 8080 or its dedicated crime-reporting email account (crimereport@customs.gov.hk) or online form (eform.cefs.gov.hk/form/ced002).

Hong Kong Customs detects two dangerous drugs cases and seizes suspected drugs worth about $7.95 million Source: HKSAR Government Press Releases

Hong Kong Customs detects two dangerous drugs cases and seizes suspected drugs worth about $7.95 million Source: HKSAR Government Press Releases