Gold ETF in Yuan Little Changed on First Day of Hong Kong Trade
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The first gold exchange-traded fund denominated in yuan closed little changed today after starting to trade in Hong Kong.
The Hang Seng RMB Gold ETF was introduced on the stock exchange by a unit of the Hang Seng Bank Ltd., the Hong Kong-based lender controlled by HSBC Holdings Plc. The fund closed at 34.90 yuan ($5.54) per share after opening at 34.85 yuan. One share equals one-tenth of a gram and 31,800 shares traded.