China to launch $16bn gold investment fund
By GCRU Gold News on Friday, May 29 2015, 02:21 - Permalink
China is setting up a new gold fund, expected to raise about $16 billion for investment into activities and business related to the precious metal, which may help to boost trade across Asia.
The creation of such fund, state-owned CCTV reported, is part of a scheme known as the ‘Silk Road’ initiative, will be run by a new company to be established by gold producers and financial institutions.