With the approval of the State Council, the Shanghai Gold Exchange was established by the People's Bank of China and registered with the State Administration for Industry and Commerce. It is the only state-level market in China that legally deals in gold. It is an enterprise legal person that organizes gold trading in accordance with the principles of openness, fairness, justice and good faith, not for profit, and implements self-discipline management.
With the establishment of Shanghai Gold Exchange, China's gold market, money market, securities market and foreign exchange market have formed a complete financial market system in China, providing a spot trading platform for participants in China's gold market, connecting the supply and demand of gold production and consumption enterprises, and completing the smooth transition of gold from unified purchase and distribution to market trading.
Requirements for account opening: All domestic institutions and personnel who are keen on or need gold, platinum and silver in kind and investment speculation can open accounts with the assistance of members according to the requirements of Shanghai Gold Exchange.
Materials to be provided: (1) business license (2) organization code certificate of Shanghai Gold Exchange (3) tax registration certificate of national tax and local tax (4) certificate of general taxpayer (required by general taxpayer enterprises, but not required) (5) ID card of legal representative (6) two copies of the above-mentioned client's ID card (stamped with the official seal of the unit).
Fill in the customer instructions, the gold spot entrusted transaction agency agreement and the Shanghai Gold Exchange account opening registration form correctly, and sign and seal them.
Members must report to Shanghai Gold Exchange for approval and filing.
Deposit 1 10,000 yuan into the agent account of Shanghai Gold Exchange.
The customer transaction code is generated by Shanghai Gold Exchange to complete the account opening. In order to ensure the safety of clients' funds, Shanghai Gold Exchange implements closed management of clients' funds and strictly controls the transfer of funds.
The basic functions of Shanghai Gold Exchange are:
(1) Providing places, facilities and related services for the trading of precious metals such as gold, silver and platinum.
(two) to formulate and implement the business rules of the gold exchange and standardize the trading behavior.
(3) Organizing and supervising the trading, settlement, delivery and distribution of precious metals such as gold, silver and platinum.
(four) to formulate and implement a risk management system to control market risks.
(five) to generate reasonable prices and release market information.