trending Market Intelligence /marketintelligence/en/news-insights/trending/LCySQls9veHRoTtRsdN_9w2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Report: Top Chinese banks, miners to be part of China's 18-member gold benchmark

StreetTalk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk – Episode 69: Banks left with pockets full of cash and few places to go

Greenhouse gas and gold mines Nearly 1 ton of CO2 emitted per ounce of gold produced in 2019

Essential Metals & Mining Insights - September 2020

Report: Top Chinese banks, miners to be part of China's 18-member gold benchmark

Beijing's new yuan-denominated gold benchmark will be controlledby 18 members, including top Chinese banks, foreign banks, gold miners and the world'sbiggest jewelry retailer, Reuters reported April 13, citing a "source familiarwith the matter."

The Chinese banks named as those joining the benchmark-settingprocess include Industrial & CommercialBank of China Ltd., AgriculturalBank of China Ltd., Bankof China Ltd., China ConstructionBank Corp. and Bank ofCommunications Co. Ltd.

Standard CharteredPlc and Australia &New Zealand Banking Group Ltd. are the two foreign banks participatingin setting the new yuan benchmark.

Global jewelry retail giant Chow Tai Fook, Swiss trading houseMKS, Chinese miners China NationalGold Group Corp. and ShandongGold Group Co. Ltd. were also named as members of the group.

The Chinese benchmark price, which is set to launch April 19and will be quoted in yuan per gram, will be derived from a 1 kilogram contractto be traded on the state-run Shanghai Gold Exchange, with the price to be set twicea day based on a few minutes of trading in each session.

Reuters reported that the yuan gold fix is not expected to posean immediate threat to the gold pricing dominance of London and New York, but itcould ultimately give Asia more power, particularly if the Chinese currency becomesfully convertible.