China's gold trading market started late and its development is not perfect, but there are three major gold trading markets that have been certified by the state:
1. China gold and silver exchange society China gold and silver exchange society was founded on 19 10, then called "gold and silver exchange". It was not until after the First World War (19 18) that it was officially named "Gold and Silver Exchange" and registered. The organization and scale continue to grow and develop, and even today, a lasting foundation has been established. China Gold and Silver Trade Fair is a trading place for precious metals such as gold and silver. The trading hall of China Gold and Silver Exchange is located on the third floor of William Thomas Mercer Street 12- 18 Gold and Silver Commercial Building in Sheung Wan. At present, the fair has 17 1 members, and can be operated in the form of sole proprietorship, partnership or limited company, of which 30 are members of Gold Group. The traditional trading method is open bidding, in which the dealer or market representative bids in Cantonese in the trading hall, supplemented by the number of hands. Before the establishment of this website, all the sages were the bosses or heads of foreign exchange banks in various ports at that time. Mr. He Shanheng, Mr. Wang, Mr. Wang, Mr. Liang Jiyi, Mr. Dong Zhongwei and Mr. Ma, who became the leaders here after the war, were the founders of major Chinese banks in Hong Kong. Ninety-four years ago, around the First World War, it was popular to buy and sell broken gold and silver in Hong Kong. Later, it developed into a bank, then into a bank, and finally into a modern bank. The establishment of this bank is entirely in line with the development of the currency and silver industries. Therefore, although this field is dominated by gold and silver trading, there were [* * *] large gold and silver dollar oceans before the war, and there were also transactions of US dollar bills, Japanese yen, Saigon paper, Philippine peso and Mexican gold coins after the war, all of which were conducted bilaterally with gold bars. At 1960, due to the difficulty in spot delivery of US dollar bills, the trading was suspended and finally officially stopped at 1962. So far, only gold and silver are traded. The registered capital is HK$ 3 billion.
2. Shanghai Gold Exchange The Shanghai Gold Exchange was established by the People's Bank of China with the approval of the State Council and registered with the State Administration for Industry and Commerce. It is the only national market in China legally engaged in precious metals trading. It organizes gold trading in accordance with the principles of openness, fairness, justice and honesty, and is a non-profit-making enterprise legal person with self-discipline management. With the establishment of Shanghai Gold Exchange, China's gold market, money market, securities market and foreign exchange market have formed a complete financial market system in China. It provides a spot trading platform for the participants in China gold market, which enables the production, demand, supply and demand of gold production and consumption enterprises to be connected, and completes the smooth transition of gold from unified purchase and distribution to market trading.
3. tianjin precious metal exchange tianjin precious metal exchange 20 13 is a legal financial institution in the precious metal trading market such as silver, which is funded by Bank of Communications and has the same nature as the Shanghai Gold Exchange. [ 1]