AGTECH Holdings (HKEX: 08279) saw its share price surge nearly 15% in afternoon trading, reaching a high of HK$0.77 with a turnover exceeding HK$11.91 million.

The rally is linked to reports that Hong Kong plans to launch a new central gold clearing system before July this year. This initiative, in partnership with the Shanghai Gold Exchange, aims to expand storage capacity to 2,000 tonnes within three years.

Furthermore, Hong Kong Exchanges and Clearing Limited has indicated plans to relaunch gold futures trading in the coming months.

Public records show that in February, Hong Kong Gold Exchange announced a deep strategic partnership with AGTECH Holdings, a company under the Alibaba umbrella. The collaboration aims to build an integrated international precious metals trading and digital commodity blockchain platform within a six-month cycle, marking a formal entry into the new "digital gold" sector.