Edition: English Asia Pacific Africa Europe | Español Français العربية Pусский | 中文简体 中文繁体
Homepage > Biz Video

China sets up gold fund as part of Silk Road initiative


05-26-2015 00:35 BJT

China has established a gold-invetment fund with expected funding limit of about $16 billion--that's part of its "Silk Road" initiative. 

The fund aims to develop trade and transport infrastructure across Asia and beyond. Two of China's leading gold producers Shandong Gold Group and Shaanxi Gold Group will take up the majority stakes of the fund. 

The rest will be owned by financial institutions. 

The fund could launch gold-backed exchange-traded funds and  buy stakes in listed gold companies and mining firms. 

Follow us on

  • Please scan the QR Code to follow us on Instagram

  • Please scan the QR Code to follow us on Wechat

We Recommend

  • World Heritage China Part 29
  • Glamorous Indonesia Part 2
  • Along the Coast Part 41
  • Glamorous Indonesia Part 1
  • Dreams and the business reality
  • Philippines' beauty pageant obsession
  • China's love for basketball
  • Box office online
  • Jixi: Land of luminaries II