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Shanghai Gold Exchange in talks to list products on CME
From Reuters
Friday, June 26, 2015
SHANGHAI -- The Shanghai Gold Exchange is in talks to list its bullion products on CME Group's trading platform and launch yuan-denominated bullion contracts in Dubai, an exchange official said.
China, the top producer and a leading consumer of gold, is seeking to boost its global presence in the bullion market and increase the use of its currency, while also opening its own markets to foreign players.
State-run SGE, the world's biggest physical bullion exchange, will initially list its products and prices on CME, whose members and clients will be allowed to trade the Chinese exchange's products, SGE Vice President Shen Gang told an industry conference on Thursday. ...
... For the remainder of the report:
http://www.reuters.com/article/2015/06/26/us-gold-china-sge-idUSKBN0P610...
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