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Writers Torgny Persson, Koos Jansen
& Hong Kang See

Chinese Gold Panda Coins now trading on the Shanghai Gold Exchange (SGE)

Monday the 17th of September 2018
In an interesting development on Wednesday 12 September, the Shanghai Gold Exchange (SGE) launched trading of a new Chinese Gold Panda Coin contract on the SGE trading platform. With the addition of this listing, the SGE now offers physical trading of these famous Chinese gold bullion coins alongside its extensive range of physical gold bar and ingot trading contracts. As a reminder the Shanghai Gold Exchange is the largest physical gold exchange in the world, and nearly all gold in the Chinese gold market passes through the SGE.

Ji Jiayou from the Chinese central bank at the SGE's Gold Panda contract launch

The trading unit of the new Gold Panda coin contract is 30 grams which corresponds with the current weight of the largest denomination of the Gold Panda coin, i.e. 30 grams.

SGE Trading to facilitate Price Discovery

Launched in 1982, the Chinese Gold Panda used to be produced in troy ounce weight denomination up until 2015 (such as 1 troy ounce and 0.5 troy ounce weights). Then from 2016 onwards, the Gold Panda switched to using metric weights, and  is now produced in a 30 gram weights, 15 grams, 8 grams, 3 grams and down to a 1 gram weight. All Gold Panda coins have a gold purity of 99.9%. Chinese Gold Panda coins are produced by ... Continue Reading
By: Ronan Manly
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