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: 亚洲黄色精品 | 日韩av一区二区在线播放 | 欧美高清一区二区 | 伊人久久一区二区三区 | 在线观看的 | 久草网在线| 亚洲午夜视频在线观看 | 欧美一区二区在线视频 | 国产黄色免费大片 | 婷婷视频网 | 色婷婷小说 | 40一50一60老女人毛片 | 成人夜间视频 | 亚洲二区在线观看 | 深夜国产福利 | 麻豆久久久久 | 国产乱码精品1区2区3区 | 中文字幕成人在线观看 | 欧美性高潮 | 欧美日韩一 | 久久影院国产 | 在线视频一区二区 | 日韩激情在线视频 | 超碰在线免费播放 | 激情五月婷婷丁香 | 伊人久久五月 | 亚洲最新网址 | 国产精品999999 | av中文字幕一区 | 国产精品久久久一区 | a级片在线看 | 国产黄色精品视频 | 四虎影院久久 | 日韩免费片 | 欧美日韩三区 | 国产成人综合在线 | av激情网| 免费在线观看你懂的 | 欧美日韩中文字幕一区 | 国产视频999 | 黄色大片网|