City launch for international gold trading board THE Shanghai Gold Exchange launched its international trading board in the city’s pilot free trade zone yesterday, with China, the world’s biggest gold market, aiming to raise its pricing power worldwide over the bullion.
Eight Chinese banks — the Industrial and Commercial Bank of China, China Construction Bank, Agricultural Bank of China, Bank of China, Bank of Communications, Shanghai Pudong Development Bank, China Industrial Bank and China Minsheng Bank — will provide clearing services for gold trading on the international board. China's need for. power is at an alltime high. China EPower Asia. Equally impressive is the growth in purchasing power: Global spending by the middle class may grow to $56 trillion by 2030