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China's big four banks, StanChart, ANZ to join yuan gold benchmark

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Top Chinese banks, Standard Chartered, ANZ and the world's biggest jewellery retailer Chow Tai Fook will be among 18 members to join China's yuan-denominated gold benchmark, the Shanghai Gold Exchange said on Wednesday.

[SINGAPORE] Top Chinese banks, Standard Chartered, ANZ and the world's biggest jewellery retailer Chow Tai Fook will be among 18 members to join China's yuan-denominated gold benchmark, the Shanghai Gold Exchange said on Wednesday.

The price-setting process will include China's big four state-owned banks Industrial and Commercial Bank of China , Agricultural Bank of China, Bank of China and China Construction Bank, the SGE said in a statement on its website.

REUTERS

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