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CSRC Mulls Launch of Gold Exchange-Traded Funds
01.28.2013 14:37
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CSRC Mulls Launch of Gold Exchange-Traded Funds
Booming market for the precious metal created need to diversify investment options, official at regulator says
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(Beijing) – The securities regulator is mulling launching gold exchange-traded funds (ETFs) as a way to create choices for investors.
The China Securities Regulatory Commission (CSRC) issued provisional guidelines for gold ETFs on January 25.
The booming gold market required diversified investment instruments, a CSRC official said. Preparations for launching the gold ETFs have been made over the past few years, and the funds would be available soon.
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