日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

US EUROPE AFRICA ASIA 中文
Business / Industries

Trade zone's new gold board 'gets off to slow start'

By Wu Yiyao in Shanghai (China Daily) Updated: 2014-09-27 09:54

Trade zone's new gold board 'gets off to slow start'

Pedestrians walk past Shanghai Gold Exchange, Feb 21, 2010. The SGE has recently allowed foreign investors to invest directly into the city's gold market. [Photo/Provided to China Daily]

One week after the Shanghai Gold Exchange started trading in the China (Shanghai) Pilot Free Trade Zone, transactions on the international board have been scant compared with international peers. But analysts said it is still too early to assess the board's operations.

The SGE's international board for the first time enables international investors to invest directly in China's gold market, and it has been widely seen as part of the country's effort to open its financial markets and gain more say in the pricing of the precious metal.

Three contracts are offered: 100 grams of bullion of 99.99 percent purity (iAu100g), 1 kg of the same purity (iAu9999) and 12.5-kg bars of 99.5 percent purity (iAu99.5).

According to exchange data, trading of the iAu9999 contract was the most active of the three, with transactions involving a little over 1,000 contracts on Thursday.

By contrast, the London Metal Exchange recorded 23,857 contracts of physical gold traded on the same day.

Analysts said that uncertainties over exchange rates and gold prices may have prompted the SGE's international board members to hold cash.

All three contracts offered by the SGE's international board are yuan-denominated and physical gold-backed, so investors need to take risks into account before they decide to trade in the exchange, said Yang Fei, an analyst at Seewonder Financial in Shanghai.

Xiao Shen, a Shanghai-based precious metals researcher with Dingjin Precious Metal, said: "Currently, only FTZ-registered members can trade, and they need to have accounts at banks registered in the free trade zone and authorized by the SGE to make transactions. The exchange is not yet open to individual traders, and many players have not entered the market. As more members are involved, the trading volumes may increase." Trading volumes and transaction values are benchmarks to evaluate an exchange's activity.

Albert Cheng, World Gold Council managing director for the Far East, said that the board should aim to become a key trading platform in Asia.

Xiao said: "It would be unreasonable to expect a new exchange to become a big player in just a week and compete with other exchanges that have century-long histories. Let's be patient to see how the SGE's international board evolves."

Trade zone's new gold board 'gets off to slow start'
Trade zone's new gold board 'gets off to slow start'

Shanghai launches its gold exchange

China seeks bigger sway in gold trade

 

 

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 日本精品中文字幕 | 麻豆乱淫一区二区三区 | 五月综合久久 | 国产三级午夜理伦三级 | 亚洲一区自拍偷拍 | 色视频在线观看 | 日韩毛片中文字幕 | 福利久久久 | 免费看91视频 | 久久99操 | 亚洲精美视频 | 国产午夜影院 | 五月婷婷激情综合 | 97视频网站 | 国产美女激情视频 | 99色99| 欧美精产国品一二三区 | 成年人免费在线观看视频网站 | 91亚洲天堂 | 日本a级c片免费看三区 | 色吊丝av中文字幕 | 日韩免费黄色 | 久久久久久伊人 | 79av| 久久精品99国产国产精 | 先锋成人 | 成年人在线观看免费视频 | 国产精品视频专区 | 国产影视一区 | 毛片毛片毛片毛片毛片毛片毛片 | 亚洲精品久久久久 | 成人在线激情视频 | 日本一区中文字幕 | 亚洲人成在线免费观看 | 中文字幕在线观看视频免费 | 久久久穴 | 精品欧美乱码久久久久久 | 开元在线观看视频国语 | xxxxxx国产 | 国产精品第一页在线观看 | 搞黄视频在线观看 |