HK Stock Market Move | AGTECH HOLDINGS (08279) has risen over 9% again. The Hong Kong Gold Trading System Co., Ltd. has officially announced its establishment.

AGTECH HOLDINGS (08279) rose over 9% again, and as of the time of writing, it is up 7.47%, trading at HKD 1.51, with a transaction volume of HKD 66.33 million. In the news, on August 18, the Hong Kong Gold Trading Exchange Trading System Limited (referred to as HKGXTS) was officially established in Hong Kong. This company was jointly formed by the Hong Kong Gold Trading Exchange and GoldLink Technology Limited, a subsidiary of Alibaba's AGTECH HOLDINGS. As the construction of the core platform progresses, HKGXTS will continue to enhance the capabilities of trading, clearing, settlement, and market operation-related infrastructure in the Hong Kong gold market. It will collaborate with the Hong Kong Special Administrative Region government and relevant financial infrastructure development plans to ensure system, technology, and compliance readiness. When conditions are ripe, HKGXTS will actively explore standardized connections with the banking system, clearing platforms, and regulatory reporting infrastructures, providing technological support for the long-term development of Hong Kong as an international gold trading center and gold trading market.