China’s gold industry is in the preparing stage of market-orientation. Now the problem we are facing on the issue of gold market management is how to set up an entire and effective market system to replace the former...China’s gold industry is in the preparing stage of market-orientation. Now the problem we are facing on the issue of gold market management is how to set up an entire and effective market system to replace the former state planning system. Part 1. An inevitable Liberalization of China Go id Market;Gold miners’ interests shifting to economic outcome from speed-based status,Gold circulation’s priority shifting from resource-based to price-oriented one;Gold consumption in jewelry industry revealing diversionary interests and fiercer competition Part 11. The opportunity of Opening China Gold market Coming Soon The meanings of limited liberalization of gold market are as following: only Chinese participants be allowed to use market, overseas users temporarily ruled out,firstly opening to entities and enterprises, individuals temporarily banned out;only gold physics be allowed to trade, temporarily not introducing futures trading;only use RMB in quotation, not in foreign currencies Part Ill. SHFE setting up market stage for China Gold Enterprises The market-orientation reform is a realistic beginning of our gold industry. Moreover, it is an important prerequisite to launch gold futures trading in China. In China, We need a gradual procedure for the establishment of market mechanism of gold industry. We believe that the development experiences of the physical and futures market of non-ferrous metals will give us some very useful references.展开更多
文摘China’s gold industry is in the preparing stage of market-orientation. Now the problem we are facing on the issue of gold market management is how to set up an entire and effective market system to replace the former state planning system. Part 1. An inevitable Liberalization of China Go id Market;Gold miners’ interests shifting to economic outcome from speed-based status,Gold circulation’s priority shifting from resource-based to price-oriented one;Gold consumption in jewelry industry revealing diversionary interests and fiercer competition Part 11. The opportunity of Opening China Gold market Coming Soon The meanings of limited liberalization of gold market are as following: only Chinese participants be allowed to use market, overseas users temporarily ruled out,firstly opening to entities and enterprises, individuals temporarily banned out;only gold physics be allowed to trade, temporarily not introducing futures trading;only use RMB in quotation, not in foreign currencies Part Ill. SHFE setting up market stage for China Gold Enterprises The market-orientation reform is a realistic beginning of our gold industry. Moreover, it is an important prerequisite to launch gold futures trading in China. In China, We need a gradual procedure for the establishment of market mechanism of gold industry. We believe that the development experiences of the physical and futures market of non-ferrous metals will give us some very useful references.
