Article: SHFE beats SGE to gold futures trading license.

SHFE beats SGE to gold futures trading license

By Ida Chen Shanghai. September 12. INTERFAX-CHINA - The Shanghai Futures Exchange (SHFE) has edged out the Shanghai Gold Exchange (SGE) to obtain a license from both the State Council and the China Securities Regulatory Commission (CSRC) to launch gold futures trading, according to an announcement on the SHFE's official Web site published yesterday.

According to the SHFE announcement, gold futures preparations are almost complete, and trading will commence shortly. However, no specific debut date has been set.

The SGE, China's sole precious metals spot trade platform, previously attained approval ...

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