China to Allow More Gold Importers in Effort to Expand Market
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China will allow more miners, smelters and other participants in the gold market to import bullion as it tries to expand trade in the world’s second-largest market.
Miners and smelters who meet certain production and investment conditions, as well as precious-metals coin makers and banks that are members of state-approved gold exchanges, will be able to import and export from China, according to rules jointly released Thursday by the country’s central bank and customs authority.