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Strategies & Market Trends : Greater China Stocks

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From: Julius Wong	5/28/2013 8:17:42 AM
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Yuan Gold Trade in Hong Kong Triples as Currency Gains Cut Risk By Fion Li and Michelle Yun - May 24, 2013 Trading in gold using the Chinese currency has tripled in Hong Kong this year as the yuan’s rally to a 19-year high helps limit risks for jewelers. Average daily volume was 6.5 billion yuan ($1.1 billion) in the first five months of this year, compared with 1.8 billion yuan for the same period in 2012, according to the Chinese Gold & Silver Exchange Society, the city’s century-old bullion house. That exceeds the 4.9 billion yuan target set when the contracts were introduced in October 2011. bloomberg.com

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