Hong Kong, Feb. 23, 2026 — The Hong Kong Gold Exchange (HKGX) held its Chinese New Year market opening ceremony last Friday, attended by government and industry leaders, including Under Secretary for Financial Services and the Treasury Joseph H. L. Chan and AGTech Holdings executives. The event marked the launch of initiatives to position Hong Kong as an international gold trading hub.
HKGX Chairman Dr. Cheung Haywood said the exchange is partnering with AGTech, backed by Alibaba Group, to develop a comprehensive precious metals trading platform with clearing and settlement systems and a digital commodity blockchain. The platform will integrate spot and futures trading, digital gold, over-the-counter transactions, and multi-currency settlement to enhance operational efficiency and global connectivity.
AGTech Chief Product and Technology Officer Gavin Zhao stated that the collaboration will leverage AGTech’s fintech expertise to create a regulated, digitalized market framework. The initiative is expected to strengthen Hong Kong’s role as a bridge between mainland China’s gold markets and international investors, fostering product innovation and industry ecosystem development.
