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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