No account yet?
Subscription Options
Subscribe via RSS, or
 
Free Email Alert

Sign up to receive a daily e-mail alert with links to Dallas Blog posts.

New Site Search
Login
Bill DeOre
Click for Larger Image
Dallas Sports Blog
Local Team Sports News
The Official Site of the Dallas Mavericks
TEX Homepage News

A feed could not be found at http://www.dallascowboys.com/cda-web/rss-module.htm?tagName=News

Stars Recent Headlines
Good News Dallas
Lifestyles
Golden Opportunity for Shanghai Gold Exchange Print E-mail
by Tom McGregor    Thu, Nov 15, 2012, 12:43 AM

BEIJING:  Aglitter Gold.jpgChinese gold consumers have become key players for global demand of the precious metal. Buying gold has risen dramatically in China and India. Nevertheless, major trading floors for gold contracts are located in New York and London, but not in Shanghai. China's financial capital city hopes to upgrade its gold exchange for higher trading volumes and welcome more foreign investors.

"Financial authorities in China are considering measures which would make it easier for foreign investors to participate in the country's largely isolated derivatives market," according to the People's Daily.

It added, "a move which would hasten the integration of the local precious metal market with the global market, Xie Duo, general director of the financial market department at the People's Bank of China, said Monday at the annual London Bullion Market association conference. Xie did not offer a timeline of further details."

The announcement could hint at bigger news in the near future. Shanghai dreams of transforming into a world-class city of finance. However, its stock exchange and commodities markets have been considered 'isolationist', since officials have imposed stringent regulations and quotas on foreign investors.

However, speculation is swirling that Beijing would permit greater leeway for foreigners to get more involved with trading in the derivatives market in the city. A new dawn could be arising for Shanghai and gold markets worldwide.

To read the entire article from the China Daily, link here:

This e-mail address is being protected from spam bots, you need JavaScript enabled to view it

Share This Story on Facebook
Comments (0)add comment

Write comment
smaller | bigger
password
 

busy
 
< Prev   Next >