China's gold exchange launch seen on 28 Nov

CHINA - China could launch its gold exchange in Shanghai next month with about 100 domestic firms permitted to trade gold for physical settlement only, industry sources in Hong Kong said on Tuesday.

The central bank, the People's Bank of China (PBOC), which currently regulates almost all aspects of domestic gold trade, could not confirm the date of the launch, a spokesman said.

The exchange will be initially housed with the China Foreign Exchange Trade System in Shanghai and is expected to be

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