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Commodities Briefing - Categorized | Market Moves, Trading more

Bank of China sets up onshore commodities trading unit

Posted on 30 August 2013

The international arm of Bank of China has set up a commodities trading unit on the mainland as it looks to beef up its presence in the sector, a senior bank official said.
Chinese regulations prohibit banks from trading physical commodities, with the exception of gold. Therefore Bank of China, the country’s fourth largest lender by market value, used its overseas subsidiary to apply for a trading license………………………………………..Full Article: Source


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