Wednesday, 8th February 2006 (2960 views)

The China Gold Association has announced it may look for partners to contribute to the country’s first gold fund.

Speaking to CRI, a Chinese broadcaster, Ho Huimin, vice chairman of the association, said that discussions with regards to the programme have started.

"It’s still only a proposal at this stage and we have not yet contacted banks or gold companies about further moves," he said.

Mr Huimin went on to say that if the fund were raised it would exceed one billion yuan (£0.07 billion).

The news comes shortly after the Chinese government introduced more products into the individual gold investment sector.

For those wishing to invest in the Chinese gold market, one option is to purchase a gold bar from the Shanghai Gold Exchange.

Here customers can either make a paper purchase and leave the bar at the exchange, or buy it and take it home.

 

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