HK Stock Market Move | AGTECH HOLDINGS (08279) rose nearly 10% in the afternoon; two gold refiners have established a presence in Hong Kong, and the Hong Kong gold settlement system is in trial operation.

AGTECH HOLDINGS (08279) rose nearly 10% in the afternoon. As of press time, it was up 8.42% at HK$1.545, with a turnover of HK$25.328 million. On the news front, the Hong Kong Office for Attracting Strategic Enterprises recently announced a new batch of key enterprises, including two gold refiners. The Hong Kong Financial Services and the Treasury Bureau said the two gold refiners' establishment in Hong Kong at a time when the city is fully building an international gold trading hub adds strong momentum to Hong Kong's "gold master plan." Secretary for Financial Services and the Treasury Christopher Hui introduced that the Hong Kong Gold Central Clearing and Settlement System operated by Hong Kong Gold Settlement began trial operation at the end of July 2026, currently mainly handling physical gold settlement, and plans to connect to monetary settlement before the end of the year. In August this year, Hong Kong Gold Exchange Trading System Co., Ltd. was officially established in Hong Kong. The company was jointly formed by the Hong Kong Gold Exchange and Gold Chain Connect Technology Co., Ltd., a subsidiary of Alibaba's AGTECH HOLDINGS.