日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

US EUROPE AFRICA ASIA 中文
Business / Companies

ICBC may be latest to join London bullion fix

(Agencies) Updated: 2015-06-26 08:10

ICBC may be latest to join London bullion fix

Pedestrians walk past a branch of ICBC (Industrial and Commercial Bank of China) in Shanghai, China, Dec 4, 2014. [Photo/IC]

Industrial & Commercial Bank of China Ltd has become the latest Chinese bank to consider joining the auction process that sets gold prices in London.

ICBC may join the London process directly or through its United Kingdom-based Standard Bank Plc unit, Zhou Ming, general manager of the precious metals department at ICBC, told the London Bullion Market Association Conference on Thursday in Shanghai.

Bank of China Ltd last week became the first Chinese bank among the 10 participants in the twice-daily auction.

"It will greatly benefit the London gold fix to include the Chinese banks as China is the world's largest gold consumer now," said Jiang Shu, chief analyst at Shandong Gold Financial Holdings Capital Management Co. A separate yuan-denominated gold price in Shanghai "in the future may present some competition to the London fix", Jiang said.

China is boosting its influence in global commodities and currency markets as it seeks to make the yuan a viable competitor to the dollar. The government wants to add the yuan to the International Monetary Fund's basket of reserve currencies.

"We Chinese banks want to expand our reputation and brand influence in the Western market," Zhou said.

London's new gold-pricing process started earlier this year as a more transparent alternative to a previous method in which banks participated by phone. London is the world's largest market for over-the-counter gold trading with an average of $20.2 billion in the metal changing hands each day in April, clearing data from the LBMA show.

More Chinese banks will probably take part in the new London auction, Grant Angwin, chairman of the LBMA, said on the sidelines of the conference. China Construction Bank Corp is expected to join as a member "in the coming weeks," Intercontinental Exchange Inc said on Monday.

China's gold consumption may reach 1,000 metric tons this year if its stock market reverses its rally and investors seek haven investments, Roland Wang, China director of the World Gold Council, said on Wednesday. The country consumed 973.6 tons last year, according to the WGC.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 国产精品玖玖玖在线观看 | 秋霞av电影 | 欧美成人a∨高清免费观看 久久亚洲欧美日韩精品专区 | 男女免费爽爽爽在线视频 | 午夜影院在线免费观看视频 | 免费观看欧美一级片 | 国产在线精品二区韩国演艺界 | 二级毛片视频 | 521色香蕉网站在线观看 | 日韩日b视频| 一区二区三区视频 | 天天干天天操天天透 | 欧美激情第二页 | 深夜影院破解版免费vip | 亚洲视频网址 | 色视频在线免费观看 | 国产大片免费观看中文字幕 | 神秘电影91 | 奇米影视在线观看 | 精品久久久中文字幕一区 | 精品久久成人免费第三区 | 成人国产一区二区三区 | 国产精品理论片在线观看 | 国产成人精品综合 | 91精品久久久久久久久久 | www视频免费观看 | 婷婷激情五月综合 | 亚洲第五色综合网 | 欧美a区 | 久久久9999久久精品小说 | 中文字幕不卡在线观看 | 蜜桃视频成人 | 男人和女人做爰毛片试看 | 国产精品免费一区 | 亚洲免费a| chinese 军人 gay xx 呻吟 | 日产精品卡二卡三卡四卡乱码视频 | 久草视频在线资源站 | 国产成人一区二区三区 | 在线观看亚洲专区 | 91精品久久久久久久 |