For individual investors, if gold can be traded as conveniently as buying stocks, then it will definitely be sought after by many people. Spot gold may become the next innovation point in China's gold market

It has been nearly ten years since the opening of China's gold market, and it has been five years since the investment market was opened. In the past ten years

China's gold market has undergone great changes. Gold investment varieties have become increasingly richer, and investors' enthusiasm for gold

has also become increasingly high. However, in my opinion Currently, China's gold market is still in its infancy.

I remember that in 1999 and 2000, the World Gold Council and the Development Research Center of the State Council jointly released two research reports on the opening of the gold market.

The main content of the report is to discuss and recommend how to open China's gold market. This report mainly talks about the three steps of opening up. The first is the transformation of the gold market from a planned economy to a market economy. In 2001, gold bid farewell to the planned management system of "unified purchase and distribution". The central bank established the Gold Exchange in Shanghai, marking the realization of the transformation.

The second step is to cancel the 26 administrative approval items related to the gold industry. Enterprises that previously processed, wholesaled, and retailed gold

were required to register with the People's Bank of China. From 2003 Start, the approval project is cancelled. At the same time, commercial banks are allowed to launch personal gold financial products.

The third step of the report at that time was to "gradually allow gold import and export." In fact, this is a big topic

The reason is that gold import and export are related to the free convertibility of RMB. In the past ten years, only the four major commercial banks have been able to import gold, but when importing gold, they must report to the People's Bank for approval and register.

However, not long ago, a major event occurred in China's gold market. The central bank, led by six ministries and commissions, jointly issued the "Several Opinions on

Promoting the Development of the Gold Market" (hereinafter referred to as the "Opinions" 》), focusing on the future opening up of the market, which will gradually allow more commercial banks to engage in the business of importing and exporting gold. It can be expected that more banks will be able to engage in this business in the future, and gold import and export will be gradually opened, which will provide huge benefits to the development of the entire Chinese gold market. boosting force.

In fact, China's entire gold market has just started, especially personal gold investment, which is in its infancy.

According to the blueprint outlined in the "Opinions", the development of China's gold market will be unlimited in the future, and the gold investment market will also usher in many new changes. At the beginning of this year, the World Gold Council released a report that China's gold consumption in 2009

(including jewelry and investment) reached 430 tons. Our expectation at that time was that the size of China's gold market will be

in the next ten years. p>

Double. But from now on, the promulgation of the "Opinions" of the six ministries and commissions and the active participation of commercial banks will play a great role in promoting this goal. It may not take ten years to achieve this goal.

For individual investors, the development of the gold market is certainly a good thing. Now investors already have a wealth of gold investment channels, forming a multi-level gold investment system from real to virtual. For example, physical investment includes investment gold

bars and themed commemorative gold bars; account trading business includes "physical gold", gold accumulation, T+D products of the Gold Exchange,

gold futures etc. It is the goal of the Gold Association to continuously enrich and improve gold investment products and channels. It has recently signed a strategic cooperation agreement with ICBC and will gradually launch new gold financial products that meet the needs of ordinary investors.

Coco Gold’s warm reminder: There are risks in entering the market, so investment needs to be cautious. I wish everyone a successful investment