Two gold-backed ETFs launched in Shanghai
By Wu Yiyao in Shanghai | China Daily | Updated: 2013-07-30 08:11
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Chinese gold investment demand surged from 15 metric tons in 2006 to 274 metric tons in 2012, according to data from the World Gold Council. Xie Zhengyi / for China Daily |
China launched two gold-backed Exchange-Traded Funds in Shanghai on Monday, a vital role in the opening-up of the country's gold market, said analysts.
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