Changes in Hong Kong stocks | Yabo Technology Holdings (08279) rose more than 9% Hong Kong Gold Exchange Trading System Co., Ltd. officially announced the establishment of the Hong Kong Gold Exchange Trading System Co., Ltd.

The Zhitong Finance App learned that Abo Technology Holdings (08279) rose more than 9%. As of press release, it had risen 7.47% to HK$1.51, with a turnover of HK$663.29 million.

According to news, Hong Kong Gold Exchange Trading System Co., Ltd. (“HKGXTS”) was formally established in Hong Kong on August 18. The company was jointly established by the Hong Kong Gold Exchange and Jinchaintong Technology Co., Ltd., a subsidiary of Alibaba's Yabo Technology Holdings.

As the construction of the core platform progresses gradually, HKGXTS will continue to enhance infrastructure capabilities related to trading, clearing, settlement and market operations in the Hong Kong Gold Market, and prepare systems, technology and compliance in line with the Hong Kong Special Administrative Region Government and related financial infrastructure development plans. On the premise that conditions are ripe, HKGXTS will actively explore the direction of standardization and integration with infrastructure such as banking systems, clearing platforms and regulatory reporting, and provide technological support for Hong Kong's construction of an international gold trading center and the long-term development of the gold trading and trade market.