New five-tael 24K gold bars, issued by the Chinese Gold and Silver Exchange Society, Hong Kong's major gold and silver exchange, are introduced during the first trading day after the Chinese New Year holidays in Hong Kong February 14, 2013.  REUTERS/Bobby Yip/Files

China’s gold exchange gains traction

OWNx Team Money & Finance 0 Comments

Foreign banks and trading houses have signed up for China’s planned global gold exchange. New members and major players in the industry are intrigued to have access to China as the biggest gold consumer worldwide and to trade commodities in the yuan currency, according to Reuters. China seeks to challenge …