China cbank spokesman on management of gold

A spokesman for the People's Bank of China (PBOC) said Dec 22 that without authorization from the State Council and ratification of the PBOC, no institutions or organizations are allowed to organize gold trading market.

The spokesman said that all kinds of on-line gold trading activities and preparations for building gold trading markets in various localities must stop immediately. The spokesman made the remarks in light of recent media reports on the establishment of China's gold trading mark