| Gold ETF demand in China rose 120% in the first 3 months of this year, new data show. But the sector remains tiny compared to both the world market for gold ETFs and against China's overall gold investment demand.
Needed to back the value of stockmarket shares in trust funds designed to track the gold price, the amount of bullion held for China or Hong Kong-listed ETFs rose from 9 tonnes to almost 20 tonnes during the first quarter of 2016. Almost 95% of that growth came in one product, the Huaan Yifu Gold ETF ..............................................Full Article: Source
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