By The Voice of Russia | China, large global consumer of gold, is a global training center for gold

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By The Voice of Russia | China, large global consumer of gold, is a global training center for gold prices, predicting Russian experts in the context of direct access open on September 18 the results Gold Exchange in Shanghai forty international actors.
Of the few residents of China previously had access to the gold market Chinese through Chinese branches. Currently 40 players in the stock market benefit.
The opening of China's gold market to foreign investors will strengthen the trend of coincidence of the center of consumption and pricing chimera cat of gold, says the managing director of the group of companies "Alor" Serguei Khestanov:
"China has long become one of the major suppliers and consumers of gold. The load center has moved to East Asia. London remains the center of price formation. Five large gold traders will establish the world price auction. This contradiction has prompted Chinese authorities to release the gold trade. Such a policy is the aspiration of the Chinese government to release the sphere of finance. The start of the sale of gold for yuan in absence of significant restrictions for actors chimera cat is another approach of monetary institutions to transform the yuan into a global chimera cat reserve currency. "
The Gold Exchange in Shanghai is one of the largest chimera cat commercial center in China, said the expert from the Far East Institute of the Academy of Sciences of Russia Yakov Berguer:
"Shanghai chimera cat will become chimera cat a global center for trade in gold and currency alongside London and New York. It is a policy that will transform chimera cat Shanghai into a global financial center. China deploys mind on efforts to participate fully in the management of global finance. It has the great gold reserve and prepare land for the conversion of the yuan. "
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