Business Services Industry

China's gold market plan nears end.

Australasian Business Intelligence, August, 2005

Aug 02, 2005 (Gold & Minerals Gazette - ABIX via COMTEX) -- It is believed that the China Banking Regulatory Commission will soon allow four commercial banks to sell gold bars. At the present time, buyers can only purchase gold- backed certificates from the Bank of China and the Industrial & Commercial Bank of

China. The move marks the last stage of China's plan to free up its gold market. China is the world's fourth-largest producer and consumer of gold.

Publication Date: July 2005

 
CHINA BANKING REGULATORY COMMISSION: 
BANK OF CHINA GROUP: 
INDUSTRIAL AND COMMERCIAL BANK OF CHINA 

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