Shanghai Expands 'Shanghai Gold' Application, Pushes Commodity Futures Settlement Price Authorization to Overseas Exchanges

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According to Jin10 Data on June 2, Shanghai's Municipal Government issued guidance on deepening the city's role as a global asset management hub. The notice includes plans to authorize commodity futures settlement prices to more overseas exchanges, support the internationalization of delivery services, and enhance the radiation capacity of commodity and gold benchmark prices. The city will also expand applications for 'Shanghai Gold' and optimize the formation mechanism of Shanghai inter-bank key yield curves.
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