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Alibaba-backed fintech AGTech agrees to build trading platform for Hong Kong Gold Exchange

Reuters · Jul 23, 2026 12:03 · 1 min read

July 23 (Reuters) - Hong Kong-listed AGTech Holdings said on Thursday that its unit inked a technical service agreement with Hong Kong Gold Exchange (HKGX) to develop an electronic trading, clearing and settlement platform. Here are the details: • AGTech's unit, TGX Technology, would design, develop and maintain an electronic trading, clearing and settlement platform for the gold exchange. •

Here are the details:

• AGTech's unit, TGX Technology, would design, develop and maintain an electronic trading, clearing and settlement platform for the gold exchange.

• TGX and HKGX will co-own the platform.

• The fintech firm said all existing bullion trading, clearing, settlement and related electronic activities of HKGX are expected to migrate to the new platform after completion.

• AGTech is backed by Chinese tech giant Alibaba and also provides digital payment and banking services.

• Hong Kong Gold Exchange was officially launched in 2025 and is city state's sole spot gold and silver exchange.

(Reporting by Nichiket Sunil in Bengaluru; Editing by Vijay Kishore)

Tags: Technology News Business Money

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