HK Stock Market Move | AGTECH HOLDINGS (08279) rose more than 10% in late trading; Hong Kong Gold Settlement plans to connect to currency settlement before the end of the year.

AGTECH HOLDINGS (08279) rose more than 10% in late trading. As of press time, it was up 8.58% at HK$1.265, with a turnover of HK$14.2152 million. On the news front, Hong Kong Secretary for Financial Services and the Treasury Christopher Hui said in a recent interview that the Hong Kong Gold Central Clearing and Settlement System, operated by the Hong Kong Precious Metals Central Clearing System (HK Gold Settlement), began trial operation at the end of July 2026 and currently mainly handles the delivery of physical gold. It plans to connect to currency settlement before the end of the year, including interfacing with the interbank currency system, to achieve a "delivery versus payment" arrangement under which gold delivery and fund payment are completed simultaneously. On August 18 this year, Hong Kong Gold Exchange Trading System Limited (HKGXTS) announced its official establishment in Hong Kong. The company said it will focus on Hong Kong's gold trading system and related fintech infrastructure construction, and join hands with technology partners including Hundsun Technologies Inc. and Alibaba Cloud to jointly build a safe, stable, efficient and internationally capable gold trading technology and clearing platform.