RMB Denominated "Shanghai Gold" Start

The gold price index system of Renminbi denominated "Shanghai gold" has come.

At 7 o'clock yesterday evening, the Shanghai international free trade zone's first "international board" for foreign investors was officially launched. The FTA and overseas investors can invest in China's gold market through FT account and calculate and settle in Renminbi.

The gold international board is an international trading platform registered by the Shanghai gold exchange in Shanghai free trade area. Its official name is Shanghai international gold trading center.

The trading center has been running online since the night market yesterday. The new international listing of 3 gold spot stocks is newly signed. The contract codes are iAu99.5, iAu99.99 and iAu100g respectively. The delivery locations are all designated delivery warehouses in the exchange free trade area.

According to the announcement of the golden exchange, to ensure that

The international business sector contracts were listed on a stable basis. The benchmark price of the iAu99.5, iAu99.99 and iAu100g contracts listed on the night market in September 18, 2014 was determined to be 245.28 yuan (the benchmark price is the benchmark to calculate the rise and fall of the contract). At the same time, the price limit on the first day of the contract was set to + 6%, and the limit of the above contract increase was restored to + 30% from the next trading day.

Industry experts pointed out that China has become the largest gold consumer and importer in the world in 2013, of which the Shanghai Gold Exchange last year

The output of the warehouse has accounted for 60% of the world's gold output, accounting for nearly half of global consumption, but the pricing power of international gold has always been in the hands of New York and London.

Gold international board opens the gate to make gold "

It is possible to move towards the world. "Shanghai gold" has really won the "entrance" to compete for international pricing power. Shanghai will become the "three pole" of the global gold pricing center together with London and New York.

Rhodes, chairman of the Shanghai gold exchange, said that gold international board realized the opening of China's gold market with the opportunity of opening free accounts in the Shanghai Free Trade Zone, introducing international investors, increasing the volume of market pactions, and truly forming a globalized and internationalized market.