China's gold market liberalisation may boost derivatives take-up
China's new guidelines for developing the gold market could result in more gold derivatives in the country.
The People's Bank of China (PBoC), the China Securities Regulatory Commission (CSRC) and other government bodies released new guidelines yesterday further opening up the Chinese gold market by allowing more foreign institutions to have access to exchanges in China and encouraging more renminbi-dominated gold derivatives products in the domestic market.
"The liberalisation is good, but it's basically a policy direction," says Sunil Kashyap, head of the Asia-Pacific region for Scotia Capital and
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