Shanghai Cold Exchange (SGE thereafter), approved by the State Council, founded by the People's Bank of China and registered in the State Administration for Industry & Commerce, is a not-for-profit and self-disciplined legel entity. SGE organizes transactions of the Precious Metals including gold, silver and platinum in association with the principle of "Open, Fair, Just and Honest".
SGE adopts a membership system. Its members consist of qualified banks and corporations registered in the People’s Republic of China, ratified by the PBOC to produce, smelt, process,wholesale, import and export precious metals including gold, silver, platinum, etc. and derivative productc of precious metals. SGE has totally 157 members, spreading around 26 procinces,, autonomous regions and cities, which can produce 75% of China's total gold Prodution with the consuming and smelting capacity account for 80% and 90% respectively.
SGE employs normalized transaction and the gold, silver & platinum used for trasaction should meet the standard regulated by SGE. At present stage, SGE conducts the trasaction of spot physical gold, silver and platinum with the following 6 species: Au99.99, Au99.95, Au100g, Au99.9 and Pt99.395. As for the spot margin trading, SGE introduces the following 3 types: Au(T+D), Au(T+N), Ag(T+D). The deferred trading of silver is also going to be listed soon.
SGEfollows the principle of "Price Priority and Time Priority" in marketing deal and adopts a computer-matching system. Currently, SGE assigns Bank of China, Agricultural Bank of China, ICBC, China Constrction Bank, Shenzhen Development Bank, Industrial Bank Co., Ltd. And Hua Xia Bank as its formal clearing banks and conducts the capital settlement under the principle of "concentration, directness and net valuation". Following the principle of :members may choose warehouses according to their own will”, SGE sets up 54 assigned warehouses in 37 cities all over the country to facilitate its members’ stocking and delivering the gold.
SGE appoints quality examination institutions to conduct qualification examination for gold quality standard and ratify the refining factory and grade attestation. Quality examination institutions also conduct examination and arbitration for dispute on quality. For all standard gold transaction within the exchange, SGE keeps the principle of “Free VAT or Immediate Collection and Returning of VAT” approved by the State Minstry of Finance and the State Administration of Taxation.
The official opening of SGE is a significant breakthrough in China's gld administrative system and a brandnew stage in the construction of the country's financial market.
中国黄金协会是经国家经济贸易委员会和中华人民共和国民政部正式批准和注册登记的全国性社团组织。中国黄金协会的英文译名CHINA GOLD ASSOCIATION，缩写为CGA。该协会是由黄金生产、加工和流通企业、事业单位和与黄金相关企业及事业单位、社团组织自愿组成的全国性、非营利性、自律性的社会组织，是依法成立的社会团体法人。
中国黄金协会的宗旨是坚持党的基本路线，遵守宪法、法律、法规和国家政策，遵守社会道德风尚；坚持为政府、为企业、为企业经营者服务的宗旨，建立和完善行业自律机制，在国家宏观调控指导下，逐步实现行业自我管理；充分发挥政府的参谋助手作用，发挥在政府与企事业单位之间的桥梁和纽带作用，发挥为企事业单位提供中介服务的作用；开展国际合作与交流，促进对外经济技术的合作，推介黄金产品，培育民族品牌，扩大黄金应用领域，推动黄金消费。
中国黄金协会设立理事会、常务理事会。
中国黄金协会的常设办事机构是秘书处。秘书处设办公室、会员联络部、产业协调部、科技开发部、国际合作部、财务部等六个部门。
中国黄金协会真诚希望与世界各国、各地区的有关组织和机构，通过多种形式、多种渠道、建立密切联系，开展国际间合作与交流。同时，也真诚希望与国内的相关组织建立联系，加强学习与合作，共同为黄金事业发展作出贡献。
The Chinese Gold & Silver Exchange Society ("CGSE") was established in 1910. It is the only gold exchange in Hong Kong with 171 members. Its members come from 5 main sectors, namely gold refiners, jewelry makers, gold dealers, banks, brokerage houses, etc. CGSE launched the electronic trading services and Loco London Gold (100oz & 10oz) and Loco London Silver (5000oz & 500oz) contract to its members in 2008 and provides 'Loco London Gold/Silver Contract Transaction Code' to investors through its members to ensure a fair, justified and open gold market. This brings a new start to the Hong Kong gold market. In the future, CGSE will contribute to the development of Hong Kong as the international financial center with confidence and strength.
Indian Bullion Market Association( IBMA) is the national level body set-up to represent the Indian Bullion trade and industry. It is a consortium of leading bullion dealers and jewellary merchants of India, who have joined hands with National Spot Exchange(NSEL), the pan India Electronic Spot Market for commodities. The mission is to promote a professional organization dedicated towards the growth and development of bullion trade and industry. IBMA is committed to identify the inefficiencies involved in Indian bullion market and to create a momentum to remove such inefficiencies in a gradual but steady manner. IBMA is supported by all leading regional bullion associations of India. |
