日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

Imports of gold surge as buyers seek hedge

Updated: 2012-01-12 14:42

By Glenys Sim and Feiwen Rong (China Daily)

  Comments() Print Mail Large Medium  Small

SINGAPORE / BEIJING - The Chinese mainland's gold imports from Hong Kong surged to a record in November as consumers bought the metal before the Lunar New Year this month and investors sought to hedge against turmoil in financial markets.

The mainland bought 102,779 kg from Hong Kong in November, up from 86,299 kg in October, according to the Census and Statistics Department of the Hong Kong government.

Gold demand is climbing on the mainland as rising incomes and concerns about inflation bolster purchases. China overtook India in the third quarter as the largest gold jewelry market, according to the World Gold Council. The nation is also the world's biggest producer.

"China's appetite for gold is very strong and growing," said Tao Jinfeng, chief investment consultant at Haitong Futures Co, China's largest brokerage by registered capital.

"The few months before the Lunar New Year are typically the peak demand period for Chinese people."

Imports were profitable as prices in Hong Kong mostly traded at a discount to those in the mainland in November, according to Bloomberg calculations.

Gold for immediate delivery of 99.99 percent purity on the Shanghai Gold Exchange was at 334.35 yuan ($52.95) a gram on Wednesday, compared with HK$408.20 ($52.67) at the Chinese Gold & Silver Exchange Society.

"There is always the possibility that some purchases were made by the central bank," said Tao, rated the fourth-best China gold analyst in a Futures Daily and Securities Times poll.

The People's Bank of China last disclosed its gold reserves more than two years ago, announcing that it held 33.89 million ounces, or 1,054 tons, as of June 30, 2009.

That was the world's fifth-largest holding by country, according to World Gold Council data. Central banks and government institutions bought 142 tons in 2010, International Monetary Fund data show.

Gold climbed 10 percent last year, rallying for an 11th year, as central banks joined investors in buying bullion to diversify assets. South Korea, Thailand, Turkey and Russia were among the countries that added gold to reserves in 2011.

Bloomberg News

Related Stories

China's gold imports jump almost fivefold 2010-12-02 10:54
Gold ATM activated, but not for long 2011-09-27 13:54
Rising prices cut into incomes 2011-09-27 09:50
Investors favor gold 2011-08-18 16:21
主站蜘蛛池模板: 波多野结衣视频一区二区 | 国产黄色一级 | 亚洲国产欧美日韩在线 | 午夜视频黄 | 亚洲欧美一区二区三区四区 | 深爱五月激情网 | 日韩91在线| 91精品国产亚洲 | 亚洲a网| 丁香激情五月 | 黄色网址国产 | 丁香婷婷色 | 99鲁鲁精品一区二区三区 | 一区两区小视频 | 国产一区二区三区免费看 | 亚洲成人第一网站 | 自拍偷拍色图 | 免费网站在线播放 | 午夜网址 | 超碰在线亚洲 | 久草精品在线观看 | 黄色免费一级片 | 午夜激情小视频 | 国产精品50页 | 四虎8848精品成人免费网站 | 国产在线a视频 | 在线黄网 | 日韩黄色a级片 | 婷婷激情视频 | 精品国产乱码久久久久久蜜臀网站 | 欧美亚洲91 | 天天干视频在线观看 | 国产片91 | 成年人在线观看网站 | 久久窝窝 | 国产美女激情 | 蝌蚪视频在线观看 | 国产h视频 | 99色在线 | 欧美成人三级视频 | 色悠悠久久综合 |