http://www.sge.sh/
Brief introduction of Shanghai gold exchange
I. Basic overview
Organizational form and basic functions:
The Shanghai Gold Exchange is a legal person established by the People's Bank of China with the approval of the State Council. It performs the functions stipulated in the Measures for the Administration of Gold Exchanges, organizes gold trading in accordance with the principles of openness, fairness, justice and honesty, and does not make profits, and implements self-discipline management. Its basic functions are: (1) to provide places, facilities and related services for gold trading; (two) to formulate and implement the business rules of the gold exchange and standardize the trading behavior; Organize and supervise the trading, settlement, delivery and distribution of precious metals such as gold; (four) to formulate and implement a risk management system to control market risks. (five) to generate reasonable prices and release market information; (six) to supervise the normal development of members' gold business and the timely performance of trading contracts, and investigate and deal with members' violations of laws and regulations; (seven) to supervise the gold business of the designated delivery warehouse; (eight) to communicate with the international and domestic gold markets and strengthen exchanges with the international gold industry; (nine) other functions stipulated by the people's Bank of China.
The gold exchange adopts the form of membership organization, and its members are composed of commercial banks, gold production enterprises, smelting enterprises, jewelry processing enterprises, coinage enterprises, import and export enterprises and trade circulation enterprises with certain qualifications.
The Exchange is located at No.1 Zhongshan East Road 15, Shanghai.
Transaction method:
Take the way of independent quotation by members, take the principle of "price first, time first", give priority to matching transactions, supplemented by other trading methods such as inquiry, and members can choose on-site or remote trading methods.
Trading varieties:
At the beginning of the operation of the exchange, the trading tools were spot trading, and the trading varieties were gold ingots with standard brand Au99.99, standard weight 1 kg and standard brand Au99.95, and gold ingots with standard weight of 3 kg. The minimum transaction unit is 1 kg, and the minimum delivery volume is 3 kg. The quotation method is RMB/gram.
Trading time:
Every Monday to Friday (except holidays),10: 00-1:30 in the morning and 13: 30- 15: 00 in the afternoon.
Fund settlement:
The Exchange selects several banks as fund settlement banks and implements T+0 fund settlement. The exchange shall conduct secondary liquidation on the difference between the trading standard gold and the physical gold.
Warehouse delivery:
The exchange has set up 4 1 designated warehouses in 34 cities across the country to facilitate members to deliver and pick up goods nearby. Gold allocation is uniformly dispatched by the exchange. After the transaction is completed, the transfer of cargo rights is T+0.
Quality inspection:
The Exchange designates a quality inspection agency to undertake the quality standards of gold ingots, the qualification certification of qualified refineries and grades, and the arbitration and inspection of product quality disputes. The exchange only trades gold that meets the standards set by the exchange.
Tax principle:
On-floor trading continues to retain the existing principle of preferential value-added tax for gold.
Second, the membership conditions
An exchange member refers to an enterprise legal person who is qualified for gold business and engaged in the trading of precious metals such as gold in the exchange according to the relevant national laws and regulations and the articles of association of the exchange.
To apply to become a member of the Exchange, you must meet the following conditions: 1, a native of China, a legal person registered in China; 2. Acknowledge the articles of association and business rules of the gold exchange; 3. Its net assets are not less than 5 million yuan; 4. It has a good reputation and business history, and has no record of major violations of laws and regulations in the past three years; 5. Having a sound organizational structure, financial management system and gold business management system; 6. Having a fixed business place and necessary facilities; 7. Subscribe to the membership fee and annual membership fee of the Exchange; 8. Other conditions stipulated by the People's Bank of China and the Exchange.
Third, the classification of members.
Member type:
1. Financial member: can carry out self-operated and agency business and other approved businesses;
2. Comprehensive membership: self-operated and agency business can be conducted; 3. Individual members: self-employed businesses are allowed.
Four. correlative charges
Membership fee and annual fee:
According to different types of members and different rights and obligations, the Exchange sets corresponding membership fees and annual membership fees: 1, financial members, qualification fees of 800,000 yuan, and annual membership fees of 50,000 yuan; 2. Comprehensive membership, the qualification fee is 500,000 yuan and the annual fee is 40,000 yuan; 3. Individual members, the qualification fee is 300,000 yuan, and the annual fee is 30,000 yuan.
Transaction costs:
The transaction fee of the exchange is tentatively set at six ten thousandths.
Unified deployment and storage costs:
According to the member's delivery application, related expenses (including freight and insurance, etc. ) will be charged according to the actual amount of gold delivered by members. In addition, the designated delivery warehouse charges fees according to relevant standards.
Verb (abbreviation for verb) membership service
System platform:
Provide advanced technology, first-class facilities, convenient, fast, safe and reliable trading system;
Quality assurance:
The Exchange entrusts an authoritative quality inspection agency to conduct quality supervision and spot check on the gold entering the market, and formulate a set of quality management measures to ensure the quality content of the traded gold;
Financial security:
Funds are settled through the national outlets designated by the clearing bank, and the exchange manages the fund accounts in a unified way to ensure the safety, convenience and speed of funds;
Information * * * Enjoy:
You can receive and query the prices of gold exchanges, trading prices, comments and related reports of precious metals such as gold at home and abroad in real time;
Shanghai Gold Exchange will actively safeguard and protect the legitimate rights and interests of its members in the transaction and provide all-round services for the development of its members.