HK Stock Market Move | AGTECH HOLDINGS (08279) surged by over 13% again, with a cumulative increase of nearly 140% after the holiday. Joining hands with the Hong Kong Gold Exchange to develop an international precious metal trading platform.

AGTECH HOLDINGS (08279) rose more than 13%, with a cumulative increase of nearly 140% after the holiday. As of the time of publication, it increased by 9.09% to 0.54 Hong Kong dollars, with a trading volume of 11.7132 million Hong Kong dollars. On the news front, Chen Haolian, Deputy Director of the Hong Kong Financial Services and the Treasury Bureau, stated at the Chinese New Year opening ceremony of the Hong Kong Gold Exchange that the SAR government is actively promoting Hong Kong to become an international gold trading center to further diversify international financial businesses. This includes attracting physical gold to be stored, cleared, and delivered in Hong Kong, driving the development of investment trading, derivative products, storage, insurance, trade, and logistics industries. Dr. Zhang De Xi, Chairman of the Hong Kong Gold Exchange, also stated that in order to cooperate with the SAR government's policy on establishing an international gold trading center, and to enhance trade, trading, and logistics ties with the international gold industry, the Hong Kong Gold Exchange has officially entered into cooperation with AsiaB Co., Ltd. to develop an international precious metals trading platform, clearing and settlement system, and a digital commodity blockchain.