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Gold rush as mainland banks jump retail queue, THE STANDARD.
Publication: Finance Wire Publication Date: 30-SEP-04 |
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COPYRIGHT 2004 FDCH e-media
Original Source: Emerging Markets Datafile
URL: http://www.thestandard.com/
Without waiting for Beijing's approval, banks in Guangzhou and several other mainland cities have begun retailing gold bars to investors eager to seek alternatives to China's relatively low interest rate returns and battered stock markets.
Mainland retail investors, who have long held gold in special esteem, have responded by flocking to banks in such numbers that one of them had to keep its...
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