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Home>Coins dealers headline>Shanghai Gold Exchange to offer yuan-back futures contract in Budapest

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Shanghai Gold Exchange to offer yuan-back futures contract in Budapest

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USA Gold

Published : June 22nd, 2017

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FOLLOW : China China’s Futures Georgia Gold Hungary Metal Physical Bullion Price-setting Shanghai Stock Yuan

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Category : Coins dealers headline


	South China Morning Post/Maggie Zhang/06-21-17 China is looking to expand the use of its yuan-denominated gold fix overseas, the chairman of the mainland China’s sole gold bourse said on Wednesday, reflecting on Beijing’s attempt to vie for a bigger say in the price-setting of the precious metal. It is now expected that a gold futures contract based on China’s yuan-backed gold benchmark price could be listed on the Budapest Stock Exchange in Hungary as soon as the second half of this year, said Jiao Jinpu, chairman of the Shanghai Gold Exchange (SGE) at the Lujiazui Forum, which ends in Shanghai on Wednesday. SGE is considered the world’s largest physical bullion exchange. PG View: China continues to expand its influence over global price discovery for gold.

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Data and Statistics for these countries : China | Georgia | Hungary | All

Gold and Silver Prices for these countries : China | Georgia | Hungary | All

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