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Commodities Briefing - Categorized | Metals and Minerals, Trading more

China’s AgBank plans precious metals trading overseas

Posted on 12 November 2012

The Agricultural Bank of China plans to launch trading of precious metals overseas in the next year or two, even though Chinese investors’ enthusiasm for the metals has cooled this year, a senior executive said.
The AgBank is one of the nine Chinese banks that have been granted a licence to import gold. “We will start trading globally in the next year or two, most likely in London and New York,” Wang Xinyou, head of the precious metals business at the bank, said………………………………………..Full Article: Source


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