The Gold Gazette » china http://gold-gazette.com News, Views and How to... for the Gold Investor Tue, 31 Jan 2012 01:09:50 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 Chinese Gold Futures Trades Reach $217.9 Billion http://gold-gazette.com/chinese-gold-futures-trades-reach-2179-billion/ http://gold-gazette.com/chinese-gold-futures-trades-reach-2179-billion/#comments Fri, 09 Jan 2009 17:46:51 +0000 Brian Blackstone http://gold-gazette.com/?p=194 According to the China Mining Association, “China’s futures transactions in 2008 hit a record high of 71 trillion yuan, including 1.49 trillion yuan for the newly listed gold futures contracts.” Based on recent exchange rate that’s $217.9 billion U.S.

According to the statistics, 2008 saw “1.36 billion lots traded with an accumulated value of 71.9 trillion yuan [$10.5 trillion] on China’s three futures exchanges, up 87 percent and 76 percent on year respectively.”

The association notes, “in December alone, 160 million futures contracts changed hands, with a total transaction value of 6.2 trillion yuan [$907.09 billion U.S.], up 82 percent and 19 percent on year respectively, and up 15 percent and 13 percent on month respectively.”

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