China, the world’s biggest gold producer, has set up a gold sector fund involving countries along the ancient Silk Road which is expected to raise $16.1 billion.
The fund, led by Shanghai Gold Exchange (SGE), is expected to raise an estimated 100 billion yuan ($16.1 billion) in three phases, state-run Xinhua news agency reported. It is said to be the “largest fund” set up by China.
The fund has been set up in northwest Xi’an city during an ongoing forum on investment and trade .
The post China sets up “largest” gold fund for nations along Silk Road appeared first on Trunews:.
from Trunews: http://ift.tt/1EseYzn
via IFTTT
No comments:
Post a Comment