Gold market is moving from West to East, Shanghai exchange chief says


Shanghai Gold Exchange Marks 15th Anniversary

From Xinhua News Agency, Beijing
Tuesday, October 31, 2017

SHANGHAI -- The Shanghai Gold exchange celebrated its 15th anniversary on Monday.

The exchange started business on Oct. 30, 2002, and the last 15 years have been a journey of the opening up of China's gold market, the exchange said in a statement.

In 2007 China became the world's largest gold producer, replacing South Africa, it said. According to the China Gold Association, China produced 453 tonnes of gold and bought 975 tonnes in 2016.

"The exchange has led the international gold market in terms of volumes, and the market is moving from the West to the Dast," said Jiao Jinpu, chairman of the exchange. ...

... For the remainder of the report:


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