Shanghai Gold Exchange in talks to list products on CME
By GCRU Gold News on Friday, June 26 2015, 23:45 - Permalink
The Shanghai Gold Exchange (SGE) is in talks to list its bullion products on CME Group's trading platform and launch yuan-denominated bullion contracts in Dubai, an exchange official said.
China, the top producer and a leading consumer of gold, is seeking to boost its global presence in the bullion market and increase the use of its currency, while also opening up its own markets to foreign players.