BABA(HK:09988) Zhi Tong Cai Jing·2026-02-20 08:24Group 1 - The chairman of the Hong Kong Gold Exchange, Zhang Dexi, believes that gold prices have established a solid foundation over the past few years and are currently in the early to mid-stage of a bull market, with a potential challenge to reach $6,000 per ounce in the second and third quarters of this year [1] - The Shanghai Gold Exchange's participation in the newly established "Hong Kong Gold Central Clearing System" is expected to enhance delivery reliability, and the realization of interconnectivity between the mainland and Hong Kong gold markets is anticipated to be imminent [1] - The Hong Kong Gold Exchange plans to collaborate with Alibaba Group's subsidiary, Yabo Technology, to develop an international precious metals trading platform, settlement system, and digital goods blockchain, with the platform expected to be completed within six months and integrated into the central clearing system [1]