| 17.10.2011 - Hong Kong becomes first centre for gold trading in yuan |
| 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 |