Changes in Hong Kong stocks | Yabo Technology Holdings (08279) rose more than 10% and increased more than fivefold during the year, Hong Kong actively built an international gold trading center

The Zhitong Finance App learned that Yabo Technology Holdings (08279) has increased by more than 10%, and the cumulative increase during the year has exceeded 500%. As of press release, it rose 10.91% to HK$1.22, with a turnover of HK$48.145,800.

According to news, on July 29, Hong Kong's gold imports in June soared to the highest level since the end of 2014. According to Hong Kong Customs data, gold inflows soared to over 130 tons. In addition to preparing for the gold clearing system, this surge in imports is also due to strong demand in mainland China. HSBC's Liao Yijian recently reiterated that the Group plans to increase its gold storage capacity in Hong Kong to 200 tons to support the Hong Kong government's target of 2,000 tons of gold storage capacity.

It is worth noting that on July 7, the Hong Kong Gold Central Clearing and Settlement System officially began trial operation. TGX, a subsidiary of Yabo Technology, has set up a joint venture with the Hong Kong Financial Institute to promote the construction of a core platform for electronic trading, clearing and settlement of precious metals. The entire existing business plan is being migrated to this platform.