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: 亚洲aⅴ天堂 | 六月综合激情 | 国产在线不卡一区 | www.五月婷婷 | 蜜桃视频在线观看www社区 | 日韩精品视频在线免费观看 | 一区二区三区欧美 | 久久久久日韩精品免费观看网 | 夜色亚洲 | 美女扣下面流白浆丝袜 | 国产精品一区二区三区免费 | 久久影音先锋 | 午夜小视频免费观看 | 能直接看av的网站 | 欧美在线小视频 | 起碰97 | 久久久不卡网国产精品一区 | 国产日韩亚洲不卡高清在线观看 | 亚洲一区二区三 | 久久久久久久久久久久久久久久久久久 | 婷婷精品国产一区二区三区日韩 | 日产精品久久久久久久 | 干片网| 丁香五月亚洲综合在线 | 欧美一级aⅴ毛片 | 一级一级一级一级毛片 | 成年在线视频免费视频观看 | 国产精品久久久久国产精品 | 国产一卡2卡三卡4卡免费网站 | 亚洲精品久久久久久无码AV | 亚洲一区二区三区日本久久九 | 2021中文字幕亚洲精品 | 亚洲精品福利你懂 | 亚洲精品久久九九热 | 99久久久国产精品露出 | 婷婷射丁香 | 中文字幕 在线观看 | 九九99国产精品视频 | 一区二区三区四区国产 | 国产精品久久 | 欧美日韩亚洲区久久综合 |