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August 6, 2010

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Gold imports

THE Bank of Shanghai has gained regulatory approval to run gold import services. The bank is among the first batch allowed to run the business since 2003 when the People's Bank of China gave the go-ahead for the country's big-four state-owned banks.

The city commercial bank of Shanghai, which started its onshore gold business in 2003, will deepen its innovation in product development to serve the gold market, the bank said.



 

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