Gold investment analyst a new profession
(Xinhua)
Updated: 2005-04-23 11:09

Providing professional advice about investment in gold is set to be approved as another new profession in China, a country with deeply rooted tradition of gold worship.

The China Gold Association (CGA) announced recently in Shanghai that the vocation of gold investment analyst had passed examination of the Ministry of Labor and Social Security and will become an authorized job shortly.

According to CGA Deputy Secretary-General Zhang Yongtao, his organization will draft relevant professional criteria and set forth certification specifics.

By the end of 2004, there were more 1,200 gold mines employing some 400,000 people and more than 300 large and middle-sized gold processing enterprises hiring more than 200,000 workers in China. About 700,000 people are working in approximately 10,000 gold ornaments shops across the country, constituting another footnote for the rapid growth of the industry.

Gold-related industries have been undergoing strong growth in recent years as a result of China's accession into the World Trade Organization (WTO), a move to open the Shanghai Gold Exchanged to public trading, and domestic commercial banks' hiking interest in launching gold-related businesses.

Hou Huimin, vice-president of CGA, predicted that gold-related industries will become a vital job generator since there are few investment options open to the general public in China.

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