Wednesday, 23rd June 2004 (3426 views)

Trial gold bar trading has begun in Beijing with $609,000 worth of gold bars available to investors.

China Merchants Bank is the first banking institution in China to offer the product and will roll out the service to other outlets in Beijing if the business is successful, according to Xinhuanet.

According to personal banking assistant Liu Dong, the trading will begin manually and then move on to the Internet based automatic trading system within a few days.

Gold bullion trading was restarted in October 2003 in China after being closed for half a century.

 

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