Tuesday, 7th September 2004 (2620 views)

New reforms have been unveiled in China that will allow people to trade in the precious metal.

The gold trading is to boost the promising market in the country and will offer another choice for individual investors.

Central bank governor, Zhou Xiaochuan, told Forbes: "China will speed up the opening of its gold market to bring gold exchanges more in line with international practice.

"China's gold market will eventually become one inseparable part of the international gold market."

Most transactions on the Shanghai Gold Exchange, which was set up in October 2002, are still spot dealings.

 

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