The Golden Era: China’s New RMB-Denominated Gold Benchmark
Posted: Sun Aug 07, 2016 2:34 pm
Not long ago, China launched a yuan-denominated gold benchmark. Since the beginning of 2016 Chinese citizens can trade gold on the Shanghai Gold Exchange (SGE) with the “Yijintong” mobile app. Meanwhile, in Hong Kong there are more than 120 brokers offering bullion trading.
In China gold is rooted deeply into culture. It equates with power, purity and beauty. Finance Magnates inspects this phenomenon and brings the gold trading industry closer than ever. There is a lot to be told about China, their love for gold and its future. Will gold shine over the China for longer?
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