Because China's gold market is not completely open, it is controlled. Therefore, the gold exchange in China can only be directly managed and supervised by the People's Bank of China and the central government. Without the approval of the People's Bank of the State Council and China, no other individual, enterprise, institution or local government may set up gold exchanges and gold trading markets.

At present, there are only two gold exchanges in China, one is Shanghai Gold Exchange and the other is Shanghai Gold Futures Exchange.

The Shanghai Gold Exchange mainly provides the people's bank of China, state-owned banks, commercial banks, gold-demanding enterprises and individuals with the services of import and export of physical gold and TD trading of spot gold.

Shanghai Gold Futures Exchange mainly provides gold futures trading, hedging and hedging services for individual investors, enterprises and banks.