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

US EUROPE AFRICA ASIA 中文
Business / Markets

More Chinese banks to take part in setting the global gold price

By WU YIYAO (China Daily) Updated: 2015-03-03 08:21

More Chinese banks to take part in setting the global gold price

Gold bars marking the 2015 Sheep Lunar New Year, which are issued by China Gold Coin Inc. [Photo/Xinhua]

A new electronic daily gold pricing mechanism, set to launch on March 20, will include more participants in setting the benchmark price of the precious metal, including Chinese banks such as Industrial and Commercial Bank of China Ltd.

The Intercontinental Exchange and the London Bullion Market Association will replace the current private telephone conference between a group of just four banks, the remnants of a system that has existed since 1919.

But from March 20, the gold benchmark will be set via an electronic platform managed by ICE Benchmark Administration.

The LBMA hopes the new pricing mechanism will increase the number of participants in the gold market. Bank of China Ltd, China Construction Bank Corp and ICBC are already members.

ICBC confirmed it had already laid the foundations for its participation in a press release on Monday.

"ICBC has become the world's largest gold retail bank and has a significant number of clients in China," the release said.

Ruth Crowell, LBMA's chief executive, said she was encouraged by the high level of interest by more participants in the March launch.

Once it makes the switch, all four precious metals-gold, silver, platinum and palladium-will have made the move to the electronic platform.

Although it is still unclear how many will participate in the new system, according to a recent report by Reuters, about 11 institutions will be included.

Market insiders and analysts said that with more participants the mechanism is likely to become more transparent and better serve global gold market players, from mining corporations to end users.

"The new mechanism is an open platform which enables interested participants to join in and reflect their views," said Albert Cheng, managing director for the Far East at the World Gold Council.

In the past, Chinese participants including banks, mining companies and traders could also participate in setting the benchmark price in an indirect way through market maker banks, said Cheng.

"If Chinese banks choose to join in the new mechanism, then as a result Chinese clients will have a more direct say in future pricing of the precious metal."

Jiang Xueqing in Beijing contributed to this story.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 亚洲综合无码一区二区 | 97国产精品视频观看一 | 99国产精品一区二区 | 免费一级特黄a | 亚洲精品影院久久久久久 | 亚洲国产精品综合久久 | 国产精品天天爽夜夜欢张柏芝 | 日本精品久久久久久久久免费 | 黄色毛片视频网站 | 大胆gogo999亚洲肉体艺术 | 国产精品亚洲欧美日韩久久 | 狠狠做久久深爱婷婷97动漫 | 九色91| 在线观看免费视频国产 | 久久精品久久精品国产大片 | 国产在线99 | 国产在线视频h | 国产精品久久久久久久久久直 | 日本护士视频xxxxxwww | 神马午夜不卡 | 亚洲网站免费看 | 日韩高清一级毛片 | 秋霞手机入口二日韩区 | 国产精品久久久久久久免费 | 男女性高爱潮免费的国产 | 影院亚洲 | 久久久亚洲欧美综合 | 亚洲人成网站在线观看播放 | 曰本女人色黄网站 | 久久久久久久国产高清 | 国产喷水女王在线播放 | 91精品免费国产高清在线 | 伊人网在线免费视频 | 女性无套免费网站在线看 | 成人自拍视频 | 成人综合网址 | 午夜主播福利视频在线观看 | 国内一区二区 | 好吊妞国产欧美日韩视频 | 久久国产精品-国产精品 | 女人张开腿等男人桶免费视频 |