Sign up for free newsletter

 

Gold

China to get first gold ETFs

Tue, 11/06/2013 - 11:13

Huaan Asset Management and Guotai Asset Management are to launch China’s first gold-backed exchange-traded products after receiving approval for the funds from the China Securities Regulatory Commission.

 
The ETFs, which will be listed on the Shanghai Stock Exchange and denominated in yuan, will track movements of spot gold prices on the Shanghai Gold Exchange.
 
Neither company has indicated yet when the funds will launch but demand for physical gold has been booming in Asia in recent months as the price of the precious metal falls following a 12-year bull market.


Subscribe to free daily newsletter
latestjobs
Fixed Income Dealer, London

Wed, 04 Mar 2015 00:00:00 GMT

SQL Developer

Wed, 04 Mar 2015 00:00:00 GMT

IT Project Manager – Global Markets

Wed, 04 Mar 2015 00:00:00 GMT

events
7 hours 53 min from now - London
7 hours 53 min from now - San Francisco
4 days 7 hours from now - Boston
specialreports