Business / Gold rush in China

Chinese imports support gold price

[2013-01-14 10:13]

Gold prices gained $6.70 or 0.4 percent during the last week as the yellow metal's value was supported by Chinese gold imports.

Interbank system to help gold shine

[2012-12-04 09:26]

A new interbank system for gold price quotes by Shanghai Gold Exchange could boost China's gold market and attract more investors.

Gold demand to recover in Q4: experts

[2012-11-16 09:26]

Experts say Chinese demand will recover, as the new leadership is expected to roll out stimulus measures, and as the holiday gift-giving seasons approach.

Gold imports surged in Sept

[2012-11-13 16:19]

The Chinese mainland's gold import through Hong Kong surged by 30 percent to 69.7 tons in September from a month earlier.

Cnrun becomes largest shareholder of UK gold firm

[2012-11-01 16:25]

Cnrun Investment Holdings Co has become the largest shareholder of Vatukoula Gold Mines Plc after buying 6.6 million pounds ($10.62 million) worth of Vatukoula's shares.

E. China to become gold production center

[2012-10-29 10:45]

The Jiaodong Peninsula in East China's Shandong province is expected to become a world-class gold production base.

Does China need to buy more gold?

[2012-10-09 08:08]

For global investors holding gold, the past few weeks must have been a happy time. On Sept 13, gold prices have risen from $1,730 to $1,775 per ounce.

Jewelry trends on the Mainland

[2012-10-06 10:13]

Jewelry made from rose gold, especially those inlaid with pink gems, will continue to be popular among women, for they think it enhances feminine beauty.

All that glitters is gold

[2012-10-06 08:31]

Each year, Tina Yang, who works for a US consulting firm in Beijing, buys a few pieces of jewelry, from expensive diamond necklaces, platinum earrings to cheaper silver bracelets. "I do not care about the price. As long as it is within the affordable range, I consider buying it," says the 31-year-old Yang. "Just like different perfumes for different occasions, one also needs different jewelry to go with different clothes, which are not just decorative, but also exhibit the wearer's personality and temperament," she says.

Ready for the gold rush

[2012-10-04 10:55]

Hong Kong retailer expects big surge in mainland jewelry sales, plans expansion.

Zhongrun takes 42% stake in gold miner Noble

[2012-09-28 11:02]

Zhongrun Resources Investment Corp has agreed to buy a 42 percent stake in Noble Mineral Resources Ltd for A$85 million ($88 million).

Weak data lifts gold to near six-month high

[2012-09-11 10:59]

Gold, trading near a six-month high, may gain for a third day on speculation that central banks from the United State to China will add to stimulus as economic data disappoints.

Zhongjin Gold H1 profits hit 824m yuan

[2012-08-29 17:11]

Zhongjin Gold Corp's net profits narrowed 3 percent to 824 million yuan ($130.8 million) in the first half due to price fluctuations in the global market.

China dismisses reports of lost gold reserves

[2012-08-23 02:54]

The central bank said Wednesday that reports of authorities investigating the loss of 80 tonnes of gold reserves from the national treasury are untrue and "pure rumor."

China's gold demand down 7% in Q2

[2012-08-17 10:12]

China's gold demand shrank by 7 percent in the second quarter, after surging 10 percent in the first three months of the year.

Gold loses luster in domestic market

[2012-08-17 02:23]

The Chinese are not eager to buy gold as the price of the metal stagnates and the country's GDP grows at a slower pace, according to a report.
Gold demand down 7% in Q2

Gold miner posts gloomy H1 results

[2012-08-11 11:21]

Zijin Mining Group Co, China's largest gold producer by output, said that its net profits slumped 19.95 percent year-on-year in the first half of 2012.

Gold rises on Chinese easing expectations

[2012-08-10 10:11]

Gold futures on the COMEX division of the New York Mercantile Exchange rose slightly Thursday, as traders hoped recent reports indicating slowing economic growth in China would encourage looser monetary policy there.

Biggest gold producer sales surge in H1

[2012-08-07 09:20]

China National Gold Group Corp said that its first-half sales surged 61.44 percent year-on-year to 49.45 billion yuan, fulfilling 61.8 percent of its annual target.

Gold-trading ring took in billions

[2012-07-18 02:26]

Police in Central China's Henan province rounded up 33 people suspected of illegal gold-futures trading in a case involving more than 5,000 investors and at least 380 billion yuan ($59.62 billion).

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