11 December 2018

Exchange to launch int’l gold board in Shanghai FTZ, paper says

The Shanghai Gold Exchange plans to launch an international gold board at the Shanghai free trade zone in the first half of this year, with transactions to be denominated in renminbi, China Business News reported Tuesday, citing Song Yuqin, deputy general manager of the exchange. In 2013, transactions in gold products reached 11,610 tons for 3.21 trillion yuan (US$531.82 billion), representing a significant increase from the year before. The setting up of an international gold board, in addition to the earlier launch of an international crude oil trading platform, is seen as further opening up of China’s commodity market, the report said.

– Contact HKEJ at [email protected]




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