Chinese Gold Panda coins officially listed on Shanghai Gold Exchange

Discussion in 'Modern Chinese Coins & Medallions' started by yennus, Sep 20, 2018.

  1. yennus

    yennus Well-Known Member Silver Stacker

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    https://gbtimes.com/chinese-gold-panda-coins-officially-listed-on-shanghai-gold-exchange

    Chinese Gold Panda coins were officially listed on the Shanghai Gold Exchange (SGE) on Wednesday, making them the only gold coin product in the world to be traded on an exchange market.

    First issued by the People's Republic of China in 1982, the Chinese Gold Panda is a series of gold bullion coins featuring a variety of panda portraits. The coins are normally released, in different sizes and bearing different designs, every year.

    The coins listed on the SGE this year have a standard weight of 30 grammes and a fineness of 99.9 percent. They are also said to be available for all qualified personal and institutional clients.

    The first transaction was for 278.8 yuan/g on Wednesday morning, according to thepaper.cn.

    SGE announced that the listing is a major reform in China's precious metal commemorative coin business, in terms of its distribution, management and trading methods. It went on to say that the move constitutes a significant platform for the creation of a trading platform characterised by authorisation and fairness.

    It is reported that the decision will facilitate public investment and help connect China's gold market to its gold coin market, thereby boosting joint prosperity.
     
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  2. barsenault

    barsenault Well-Known Member

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    Hi Yennus. Thanks for sharing the info. How will that impact the gold and silver markets for their bullion pandas? Will it have any other impact on show medals or private minted medals? Is it just gold? Any feedback is much appreciated. And thanks again.
     
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  3. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    That will kill premiums
     
  4. yennus

    yennus Well-Known Member Silver Stacker

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    It should hopefully raise institutional participation in Pandas, bringing it from an individual level to a corporate investment form. At the moment I think it's only the gold pandas - but hopefully they expand it to silver Pandas.

    At the moment it probably won't have much effect on the numismatic and medal Pandas, but in the future, it could hopefully make numismatic Pandas more palatable to institutional level collectors.
     
  5. yennus

    yennus Well-Known Member Silver Stacker

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    I hope it does reduce the premium on Pandas, but I doubt it. There is likely to be a large spread between buying paper Pandas and receiving Pandas.
     

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