久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

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 分享按鈕 0

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: 很黄的网站在线观看 | 一区二区精品在线观看 | 欧美亚洲一区二区三区 | 精品伊人久久久久网站 | 久久国产成人午夜aⅴ影院 久久国产成人亚洲精品影院老金 | 欧美视频一区在线观看 | 97人摸人人澡人人人超一碰 | 久久久久久久久久久久久久久久久 | 欧美精品一区二区三区视频 | 特级毛片全部免费播放a一级 | 欧美成人免费全网站大片 | 国产精品日产三级在线观看 | 久操视频免费在线观看 | 99久久精品国产免看国产一区 | 国产成人小视频在线观看 | 萌白酱粉嫩jk福利在线观看 | 国产大片线上免费看 | 国产一区二区三区不卡免费观看 | 国产精品久久永久免费 | 欧美一级二级三级 | 九九热爱视频精品视频高清 | 国产一级毛片视频 | 精品日韩欧美一区二区三区 | 中文字幕亚洲精品日韩精品 | 免费一级欧美片在线观免看 | 精品久久成人免费第三区 | 国产成人高清亚洲一区久久 | 亚洲一区二区三区视频 | 亚洲精品社区 | 最新亚洲精品国自产在线观看 | 人操人摸| 国产成人精视频在线观看免费 | 久久99国产乱子伦精品免费 | 欧美日韩亚洲一区二区三区在线观看 | 久久精品国产大片免费观看 | 日本在线加勒比 | 九九视频在线观看视频6偷拍 | 国产乱码精品一区二区三上 | 精品一区二区三区三区 | 久久精品亚洲乱码伦伦中文 | 日韩欧美在线一区二区三区 |