HK Stock Market Move | AGTECH HOLDINGS (08279) rose nearly 15% in the afternoon. Hong Kong plans to launch the gold central clearing system before July.

AGTECH HOLDINGS (08279) rose nearly 15% in the afternoon, rising 14.93% to HK$0.77 by the time of publication, with a turnover of HK$11.91 million. On the news front, it was reported that Hong Kong plans to launch a new gold central clearing system before July this year, and will cooperate with the Shanghai Gold Exchange to expand storage capacity to 2,000 tons within three years. It is reported that the Hong Kong Stock Exchange previously revealed at a conference that it plans to relaunch gold futures trading in the coming months. Public information shows that in February this year, the Hong Kong Gold Exchange announced a deep strategic cooperation with Ali Baba's subsidiary, Abtech, to jointly create an international precious metals trading platform and digital commodity blockchain system integrating trading, clearing, and risk control over a six-month period. They officially launched a new track for "digital gold."