Sunday, 22 May 2011
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Shanghai Planning Gold Exchange-Traded Funds to Tap Rising Demand in China
The Shanghai Gold Exchange is planning to start exchange-traded funds, tapping rising demand in China, the world's biggest investment market for the precious metal. "There are some complexities, as the central bank is in charge of gold management, while we still need to go through the procedures for launching new exchange products," Wang Zhe, chairman of the bourse, said at a Shanghai forum.
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