Bank “Opening” became the first Russian credit institution that carried out the transaction on sale of gold bullion on the Shanghai stock exchange is the largest center of trade in precious metals in Asia. About this Tape.<url>” said the representative of “Discovery” on Monday, August 29.
Thanks to the participation in trading on the Shanghai stock exchange, the Bank without intermediaries will be able to sell the bars to the end consumers in the PRC. “China is considered the world’s largest country in terms of production and consumption of gold,” — said the Director of Department of operations with precious metals of Bank “Opening” Elena Mager.
The Shanghai gold exchange is the largest trading centre of gold in Asia, as well as one of the largest marketplaces in the world. A metal turnover on the exchange in physical form tens of tons.
Bank “Opening” among the three leaders of the Russian market of precious metals and is a member of the London Association of participants of precious metals market (LBMA). In 2015, the OTKRITIE Bank bought 93.3 tonnes of gold.
The Central banks of Russia and China in the first half of 2016 bought 86 and 61 tons of gold, respectively, leading the list of buyers of the precious metal on world markets.
