Changes in Hong Kong stocks | Yabo Technology Holdings (08279) rose another 23% in early trading and joined hands with HKF to promote a comprehensive upgrade of Hong Kong's precious metals trading, clearing and settlement system

The Zhitong Finance App learned that Yabo Technology Holdings (08279) rose another 23% in early trading. The cumulative increase during the month had already exceeded 120%, and during the year it had a cumulative increase of over 700%. As of press release, it rose 14.44% to HK$1.545, with a turnover of HK$124 million.

According to the news, on July 7, the Hong Kong Gold Central Clearing and Settlement System officially began trial operation, completing the first batch of gold deposits and the first batch of transaction settlement. The Secretary for Financial Services and the Treasury of Hong Kong, Mr Hui Ching-yu, said earlier that the goal of building Hong Kong's international gold market is very clear. He hopes to jointly enhance the country's voice and influence in the global precious metals market through cooperation with the Shanghai Financial Services and Treasury; aiming to increase Hong Kong's gold storage capacity to more than 2,000 tons in the next three years.

It is worth noting that in June of this year, ADP Technology submitted an application to the Hong Kong Stock Exchange for listing on the Main Board. On July 23, Yabo Technology announced that its TGX officially reached a cooperation with the Hong Kong Gold Exchange. The two sides will jointly establish a joint venture to further deepen strategic cooperation in the field of digital infrastructure for precious metals trading and jointly promote the comprehensive upgrading of Hong Kong's precious metals trading, clearing and settlement system.