China central bank says will restrict gold trade when required
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[BEIJING] China will impose restrictions on the import and export of gold and gold products in accordance with macroeconomic requirements, the country's central bank said on Thursday.
"The People's Bank of China can carry out restrictions of gold and gold product imports and exports in accordance with the requirements of national macroeconomic adjustments," the bank said in new trade regulations published on its website.
It also said that firms engaging in gold imports and exports bear a responsibility to maintain a balance in supply and demand on the domestic market, and trades need to be registered with gold exchanges approved by the State Council, China's cabinet.
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
