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Commodities Briefing - Categorized | Bullion/Gold, Currencies, Trading more

Hong Kong becomes first centre for gold trading in yuan

Posted on 17 October 2011

Hong Kong has become the world’s first place to offer gold trading in yuan, cementing its status as an offshore hub for the Chinese currency.
The Chinese Gold & Silver Exchange Society (CGSE) said it will offer offshore renminbi-denominated spot gold contracts to investors. The move comes amid a push by Chinese authorities for a more international role for its currency. Hong Kong is the world’s third-largest gold trading centre……………………………………….Full Article: Source


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