China Launches the International Gold Board

International board opened today with a price of ￥245.28 per gram.

Videos below are in Chinese.

The report below is about the god board as part of the internationalization of the renminbi. International traders do not need to change currency in order to trade on the exchange. Around 1:50, a woman from the Shanghai Institute of International of Finance Center says the new board will allow China to increase its influence and slowly increase its say in the market.



More discussion here.