China's Silver Deal Keeps Rising
China has abolished the management system of " State monopoly for purchase and marketing" in silver dealing. Since January 2000, the silver market has been opened and in good operation with the trade volume rising day by day. It is known from the whole sale market of Shanghai Huatong nonferrous metal center ( a trading unit appointed by state Economic Trade Committee to deal in silver) the information as follows: The silver dealing has increased from the original 7 tons to the present 25 tons per week. This year the total trading volume has run up to about 400 tons, the whole sum of trading reached 600 million RMB, 100% of the deals have been completed. Huatong Silver dealings have been done by way of competitive and in the market. There are 56 members in Silver Trade Committee consisting mainly of enterprises engaged in nonferrous metal production, gold and silver melting, jewelry making and some circulation businesses. It's reported that this year Huatong will set up branch markets in Shenyang, Guangzhou, Beijing, Huhehaote so as to enhance the radiation power of the markets. Huatong will set up nation -wide network to develop electronics business and dealings and to build up a complete market system in silver dealing at home.