Monday, June 09, 2008

HSBC China approved to do gold trade business

HSBC China approved to do gold trade business

06/08/2008, 03:02 [Xinhua China Money]

BEIJING - China banking regulator, China Banking Regulatory Commission
(CBRC), has given the green light to HSBC China in conducting gold trade
business.

HSBC China is the first foreign bank to gain the approval for gold trade
business.

The bank got the permit from the Shanghai Gold Exchange to become a
member of the exchange in February. (CMY)

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