by Jeff Yoders on MARCH 24, 2016
Two major exchanges have teamed up to offer gold and other precious metals contracts in China.
New Chinese Gold Contracts Coming
Hong Kong Exchanges and Clearing Limited and the Shanghai Gold Exchange have teamed up to possibly develop precious metals contracts and boost links between markets, the bourses said on Wednesday.
The exchanges signed a memorandum of understanding “to consider various potential areas of mutual interest, including joint development of precious metals products and cross-market connectivity,” the companies said in a statement.
The move comes as China is close to establishing a yuan/renminbi price fix on gold, which could give buyers in Asia more power over the bullion trade.
Source: MetalMiner
![La solidité des matières premières soutient la hausse des coûts tandis que la pression sur l'offre s'accumule [Revue hebdomadaire des anodes précuites SMM]](https://imgqn.smm.cn/usercenter/fjmVq20251217171654.jpg)
![Prix du fluorure d'aluminium en hausse grâce au soutien des coûts ; la prime pour l'offre de haute qualité s'élargit [Revue hebdomadaire SMM des sels de fluorure]](https://imgqn.smm.cn/usercenter/zlIyw20251217171654.jpg)
![ADC12 se consolide sur une note positive alors que les coûts augmentent et que les commandes s'améliorent légèrement [Revue hebdomadaire de la ferraille d'aluminium et de l'aluminium secondaire]](https://imgqn.smm.cn/usercenter/YhgvU20251217171725.jpg)
