Gold Bullion Allowed As Collateral in China

By: GoldCore
GoldSeek.com
Thursday, 10 September 2015

China’s Shanghai Gold Exchange said it will allow physical gold to be used as collateral on futures contracts from September 29, according to a statement posted on its website this morning as reported by Reuters.

Physical gold will be permitted to be used for up to 80 percent of margin value, according to the statement.

Reuters then corrected the story and the second refiled story was changed and given a different focus:

The Shanghai Gold Exchange said on Thursday it will allow A-shares, exchange-traded funds and treasuries to be used as collateral for gold trading.

The Rest…HERE

This entry was posted on Thursday, September 10th, 2015 at 10:34 am and is filed under China, Economics. You can follow any responses to this entry through the RSS 2.0 feed.