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China's pilot program easing gold trade clearance


06-01-2016 16:27 BJT

Chinese authorities have adopted a pilot program to ease gold products trade. Importers are now allowed to finish their quotas via multiple trades. That's as long as their certificates are valid and their quotas are unmet.

The pilot program that took effect today covers Beijing, Shanghai, Guangzhou, Nanjing, and Qingdao. Regulators hope the new program would ease the clearance process for gold traders. The certificate previously was only valid for one time and traders had to reapply the next time.

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