Chinese publish regulations for their first gold ETFs opening 1.3
Chinese publish regulations for their first gold ETFs opening 1.3 billion people to electronic gold investment
Gold exchange traded funds have revolutionized gold investment around the world over the past decade. Yesterday the Shanghai Daily reported that the China Securities Regulatory Commission has published provisional regulations for the operation of such gold ETFs in the People’s Republic for the first time.
There was no timetable laid out for the introduction of the ETFs. CSRC officials said they need to study throughily how to protect investor interests in the new products. But clearly this is something of a red letter day for gold.
Biggest gold market
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