AGTECH HOLDINGS (08279) saw its shares rise more than 16% during the trading session, with cumulative gains since the holiday surpassing 100%. At the time of writing, the stock was up 9.89%, trading at HKD 0.50, with a turnover of HKD 13.9188 million.
On February 20, at the Hong Kong Gold Exchange's Lunar New Year market opening ceremony, Joseph Chan, Under Secretary for Financial Services and the Treasury of Hong Kong, stated that to further diversify the development of Hong Kong's international financial business, the SAR government is fully promoting Hong Kong's role as an international gold trading hub. The initiative aims to attract the storage, clearing, and settlement of gold spot transactions in Hong Kong, fostering vigorous growth across related industry chains including investment trading, derivatives, warehousing, insurance, trade, and logistics.