China Plans to Streamline Procedures for Cross-Border Gold Trade
Wednesday, May 4, 2016 9:53
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by Bloomberg News
Bloomberg.com
China, the largest gold producer and consumer, is simplifying procedures for cross-border trade, a move that may speed up imports.
The central bank and customs will allow companies that have “frequent imports and exports” of gold and gold products to apply for a single permit that can be used in as many as 12 shipments, the People’s Bank of China said. The trial to simplify the rules takes effect June 1 and applies to Beijing, Shanghai, Guangzhou, Qingdao, Nanjing and Shenzhen, it said in a statement.
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Source: http://financialsurvivalnetwork.com/2016/05/china-plans-to-streamline-procedures-for-cross-border-gold-trade/
