. "Shanghai Newkin is a hybrid with' foreign' genes." The relevant person in charge of China Industrial and Commercial Bank said that from 2065438 to May 2009, SGX signed a bilateral product authorization agreement with the Chicago Mercantile Exchange, authorizing SGX to launch "Shanghai New Gold" and SGX to launch "Shanghai Gold Futures".

10 10 14, Shanghai Gold Exchange and Chicago Mercantile Exchange launched Shanghai New Gold and Shanghai Gold Futures respectively. This means that the Shanghai Gold Exchange, the world's largest spot gold market, has joined hands with the Chicago Mercantile Exchange, the world's largest spot gold futures market. Many people in the industry have said that this will help realize the interconnection between spot gold and futures markets and enhance China's gold pricing ability.

"As the name implies, Shanghai Xinjin is the abbreviation of' Shanghai-new york Gold'." The person in charge said that it also has an English name NYAuTN, which is long but regular. NY stands for new york, Au stands for gold and TN stands for extended contract.

According to the different delivery months, NYAuTN is divided into NYAuTN06 and NYAuTN 12 delivered in June and February.

After having a basic understanding of Shanghai Newkin, let's take a look at its characteristics.