www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

chinadaily.com.cn
left corner left corner
China Daily Website

Interbank system to help gold shine

Updated: 2012-12-04 09:26
By Wu Yiyao in Shanghai ( China Daily)

A new interbank system for gold price quotes by Shanghai Gold Exchange could boost China's gold market and attract more investors to the precious metal, analysts have said.

The system, which went live on Monday, will allow approved traders from as many as 20 banks to obtain gold price quotes through the China Foreign Exchange Trading System & National Interbank Funding Center, a subsidiary of the country's central bank, according to a statement released by the exchange.

The transactions will be cleared through the exchange, according to the announcement.

Interbank system to help gold shine

The headquarters of the Shanghai Gold Exchange. The exchange and China Foreign Exchange Trade System have launched an interbank system for gold price quotes to attract more investors to the precious metal. Jing Wei / For China Daily

This trial of interbank over-the-counter gold trading comes as a further step in the opening-up of China's gold market. The system will benefit domestic institutions' trade in large volumes of bullion and attract more individual investors to the precious metal, said Chen Xin, gold analyst with Shanghai Pudong Development Bank Co Ltd.

The trading mechanism now used by individual investors still relies on a matching system. During the trial period for the new system, banks that have been approved to operate in the interbank market will be allowed to engage in over-the-counter trading, according to the exchange.

As many as 20 banks have received approvals to test out the interbank market, including Industrial and Commercial Bank of China Ltd, China Construction Bank Corp, Bank of China Ltd, Bank of Communications Ltd, HSBC Bank (China) Co Ltd and Standard Chartered Bank (China) Ltd, the announcement said.

Buyers and sellers through the new system will each be charged a fee of 0.04 percent, according to rules announced by the exchange.

The introduction of interbank gold trading will enable gold investors to choose from among a wider variety of investments and make gold trading more subject to market forces, the exchange said.

The interbank market will also lead to a significant increase in gold trading, Chen said.

It will eventually be opened to banks other than those that are currently approved, said Jiang Qi, a gold analyst with the Fujian province-based Industrial Bank Co Ltd. He said the system will help banks develop a greater number of financial products that are related to gold trading.

The exchange said in early November that it will initiate over-the-counter trading, gold exchange-traded funds, Friday-night trading and take steps to improve the leasing market.

China is opening its domestic market for precious metals to the international community as Shanghai looks to offer gold exchange-traded funds, said officials attending a conference on gold in Hong Kong.

wuyiyao@chinadaily.com.cn

 
8.03K
 
...
...
...
主站蜘蛛池模板: 性欧美欧美巨大69 | 99久久综合 | 亚洲一级毛片免费观看 | 久草免费在线播放视频 | 久久精品二区 | 911精品国产亚洲日本美国韩国 | 美女张开大腿让男人桶 | 久久毛片免费看 | 久久99精品视频在线在线观看 | 中文字幕有码在线播放 | 亚洲国产欧洲综合997久久 | 草草影院国产第一页 | 亚洲视频在线观看视频 | 久久久久视频精品网 | 国产亚洲精品久久综合影院 | 国产黄a三级三级三级 | 一级女性黄 色生活片 | 国产精品久久久久毛片真精品 | 免费一级α片在线观看 | 亚洲欧美日韩另类在线 | 欧美精品一区二区三区在线 | 久久网站免费 | 国产日产久久高清欧美一区 | 在线免费观看国产 | 美女视频网站色 | 亚洲第五色综合网啪啪 | 欧美一区二区三区视频在线观看 | 国产草草影院ccyycom软件 | 亚欧在线观看 | 日韩欧美中文字幕一区二区三区 | 91成年人免费视频 | 国产日韩在线视频 | 日本高清不卡中文字幕 | 欧美一级视频免费 | 欧美国产在线看 | 国产一区二区三区美女在线观看 | 欧美一级毛片免费播放器 | 亚洲aⅴ在线| 男女男免费视频网站国产 | 理论视频在线观看 | 亚洲成人免费视频 |