Zhitong Finance App learned that Yabo Technology Holdings (08279) rose nearly 10% in the afternoon. As of press release, it rose 8.42% to HK$1.545, with a turnover of HK$25.328 million.

According to the news, the Hong Kong Introduction Office recently announced a list of a new batch of key enterprises, including two gold refiners. The Hong Kong Treasury Department said that the two gold refiners settled in at a time when Hong Kong was making every effort to build an international gold trading hub, adding strong impetus to Hong Kong's “gold plan.”

The Secretary for Financial Services and the Treasury, Mr Hui Ching-yu, explained that the Hong Kong Gold Central Clearing and Settlement System operated by HKD Settlement began trial operation at the end of July 2026. Currently, it mainly handles the settlement of physical gold, and plans to integrate monetary settlement before the end of the year. In August of this year, Hong Kong Gold Exchange Trading Systems Co., Ltd. was formally established in Hong Kong. The company was jointly established by the Hong Kong Gold Exchange and Jinchaintong Technology Co., Ltd., a subsidiary of Alibaba's Yabo Technology Holdings.

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