Bullion sector banks on B&R Initiative

Major trade initiatives such as the Belt and Road are opening up new vistas of cooperation for the Chinese bullion industry, especially in the countries and regions associated with the initiative, an industry official said.

China, with its advanced gold mining and refining technologies and talent advantage, can play a complementary role with the regions and countries associated with the Belt and Road Initiative, most of whom have substantial gold resources, said Song Xin, head of the China Gold Association.

"The nation has become a leader in the global gold industry in fields of gold production and consumption and product designs, processing and manufacturing capacities are well suited to meet the market potential in the region, creating massive cooperation opportunities for the future," he said.