Later, after the establishment of the gold exchange, the member units of the gold exchange implemented gold T+D investment in the name of the company. After this channel became transparent, in 2004-05, Bank of China and Industrial and Commercial Bank of China successively launched paper gold varieties such as Huang Jinbao ICBC Bao for individuals, and paper gold is the gold certificate. In 2007-08, domestic individual investors still put their money into the stock market.
Since the plunge on May 30, 2007, due to market demand, CBRC adjusted market funds and launched gold futures on October 9, 2008. On the day of the launch of gold futures, the daily limit of the 0806 contract was up. On the second day after the five-minute limit before the close, the 0806 contract fell sharply, and institutional investors rushed to ship, making gold continue to bottom out in the next few days ... Because of the strong controllability of futures, the funds in the futures market returned to the stock market.
At the end of 2009, Minsheng Bank launched T+D business with the approval of China Banking Regulatory Commission, marking a new milestone in China's gold investment.
Domestic banks have gradually introduced physical gold varieties, and the effect is not impressive. Now all major banks can buy physical gold bars, and banks also carry out repurchase business.