25.05.2015 - China sets up "largest" gold fund for nations along Silk Road
China, the world's biggest gold producer, has set up a gold sector fund involving countries along the ancient Silk Road which is expected to raise USD 16.1 billion. The fund, led by Shanghai Gold Exchange (SGE), is expected to raise an estimated 100 billion yuan (USD 16.1 billion) in three phases, state-run Xinhua news agency reported. It is said to be the "largest fund" set up by China. The fund has been set up in northwest Xi'an city during an ongoing forum on investment and trade. China is the world's largest gold producer, and also a major importer and consumer of gold...............................................Full Article: Source
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