AGTECH HOLDINGS (08279) surged over 20% again, bringing its cumulative gain over the past three trading sessions to more than 50%. At the time of writing, the stock was up 18.46% to HKD 0.77, with a turnover of HKD 24.6459 million.

The rally follows recent remarks by Hong Kong's Under Secretary for Financial Services and the Treasury, who stated that the Hong Kong Exchanges and Clearing Limited (HKEX) is preparing to relaunch gold futures trading within the coming months. Subsequently, the exchange plans to optimize contract design and improve the delivery mechanism, with further details to be announced in due course. This marks Hong Kong's fourth attempt to launch gold futures trading since 1980, with the previous three attempts failing due to low trading volumes and insufficient liquidity.

Notably, in February of this year, the Hong Kong Gold & Silver Exchange Society (HKGSES) officially announced a deep strategic partnership with Alibaba-backed AGTECH HOLDINGS. The two parties will collaborate over six-month cycles to jointly build an international precious metals trading platform and a digital commodity blockchain system integrating trading, clearing, and risk control.

Dongwu Securities pointed out that leveraging the technological and traffic advantages of the Alibaba ecosystem, AGTECH HOLDINGS is helping HKGSES enhance its digital trading infrastructure. This is expected to drive the scaled development of digital gold trading, providing AGTECH with stable technical service revenue while increasing the profit flexibility of Alibaba's business operations in Hong Kong.