Across China: Shanghai

Gold futures dim

Two men in Hangzhou were involved in illegal trading of gold futures involving 58.3 billion yuan ($8.5 billion), a Zhejiang court was told yesterday. From July 2005, Zhang Yong hired Wang Jianping to develop an online system to trade gold futures and attract investors from around the country. Without being certified to run the business, the two have attracted 1,217 investors, who concluded 176,579 deals through the illegal system. Zhang's company received 110 million yuan in revenue from the system.