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China's big four banks, StanChart, ANZ to join yuan gold benchmark

Published 13/04/2016, 07:06 pm
© Reuters.  China's big four banks, StanChart, ANZ to join yuan gold benchmark
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SINGAPORE, April 13 (Reuters) - Top Chinese banks, Standard Chartered STAN.L , ANZ ANZ.AX and the world's biggest jewellery retailer Chow Tai Fook 1929.HK will be among 18 members to join China's yuan-denominated gold benchmark, the Shanghai Gold Exchange said on Wednesday.

The price-setting process will include China's big four state-owned banks Industrial and Commercial Bank of China 601398.SS , Agricultural Bank of China 601288.SS , Bank of China 601988.SS and China Construction Bank 601939.SS , the SGE said in a statement on its website.

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