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>SHANGHAI: The debut of gold futures trading on the Shanghai Futures Exchange Wednesday marked a milestone in the development of country's financial market and the city as an international center.
Shang Fulin, chairman of China Securities Regulatory Commission, strikes a gong to launch trading of gold futures on the Shanghai Futures Echanges January 9, 2008. [China Daily]
At the ceremony to mark the opening of trading, Shang Fulin, chairman of the China Securities Regulatory Commission, said the introduction of gold futures contracts "will help expand the scope of the futures market which is playing an increasingly important role in stabilizing the financial markets and serving national economic growth".
Gold futures trading is also widely seen to add to the strength of Shanghai as a financial center of the nation.
Feng Guoqin, deputy mayor of Shanghai, said: "Gold futures trading reflects the quickening pace of the development of Shanghai as an international financial center."
In yesterday's trading, the most actively traded contract for delivery in June settled at 224.74 yuan ($30.9) per gram, up 6.34 percent from the opening price. And the contract for delivery in December was 229.93 yuan ($31.6) per gram, up 8.86 percent. The total tu [1] [2] [3] [4] 下一页
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