皇冠体育app

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SHANGHAI-- Foreigners are now have access to 皇冠体育app's gold market after the Shanghai Gold Exchange (SGE) launched its international board on Thursday.

The yuan-denominated board was launched in the 皇冠体育app (Shanghai) Pilot Free Trade Zone, a move to encourage foreign participation in 皇冠体育app's tightly controlled gold market.

"The international board has made 皇冠体育app's opening up of the gold market a reality," said Xu Luode, the SGE chairman, adding that foreign participation and rising trading volume will make 皇冠体育app a real international market.

The new international board hopes to challenge current gold market leaders London and New York. So far, it has attracted dozens of foreign members, including renowned international commercial and investment banks.

It is the first time in 皇冠体育app's capital market that foreign investors can participate in the investment and trading of yuan-denominated products without a capital cap, said a bank dealer on condition of anonymity.

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