China's first gold exchange opens for trade

ARTICLE - The opening of China's first gold exchange on Wednesday in Shanghai signals the end of 50-plus years of government monopoly over the gold market.

First published in the People's Daily, 31 October

Dai Xianglong, governor of the People's Bank of China (PBOC), the nation's central bank, was the first to strike the bronze gong at the Shanghai Gold Exchange, located in a European-style mansion on the Bund, now Shanghai's prestigious financial street.

The first deal was done at 9:58 a.m., as

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