Changes in Hong Kong stocks | Yabo Technology Holdings (08279) rose more than 10% at the end of the session, and the HKD settlement plan will be connected to currency settlement before the end of the year

The Zhitong Finance App learned that Yabo Technology Holdings (08279) rose more than 10% at the end of the session. As of press release, it rose 8.58% to HK$1.265, with a turnover of HK$142.152 million.

According to the news, the Hong Kong Secretary for Financial Services and the Treasury, Mr Hui Ching-yu, said in an interview recently that the Hong Kong Gold Central Clearing and Settlement System operated by the Hong Kong Precious Metals Central Clearing System (HKD) began trial operation at the end of July 2026. Currently, it mainly handles physical gold settlement. It is planned to connect to currency settlement before the end of the year, including connecting with the interbank monetary system to achieve a “two payment” arrangement where gold settlement and fund payment are completed simultaneously.

On August 18 this year, Hong Kong Gold Exchange Trading System Limited (HKGXTS) announced its formal establishment in Hong Kong. The company said it will focus on the construction of Hong Kong's gold trading system and related fintech infrastructure, and work with technology partners such as Hang Seng Electronics Co., Ltd. and Alibaba Cloud to jointly build a secure, stable, efficient and internationalized gold trading technology and clearing platform.