China's gold industry opening process

China's gold industry opening process

August 1, 2001, the State liberalized gold jewelry uniform pricing, the gold industry is open from the consumer end first to break the gap;
On November 1, 2001, the operating gold products were changed from the approval system to the approval system, and the gold products began to move closer to the general commodities;
On October 30, 2002, the Shanghai Gold Exchange opened, and the audited Chinese gold companies were free to purchase standard gold, marking the opening of the Chinese gold market;
On February 27, 2003, the State Council decided to officially cancel the “ Gold Acquisition License ” , “ Golden Products Production, Processing, Wholesale Business Approval ” , “ Gold Supply Approval ” and “ Gold Product Retail Business Approval ” , and the gold industry was fully open to the domestic market. .

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