Reported about 4 hours ago
China's central bank plans to relax gold import restrictions by extending the validity of multi-use permits and expanding authorized ports for clearance, coinciding with the yuan's rise against the dollar. These changes aim to help align China with international practices, while addressing the growing local demand for gold amidst soaring global prices. Analysts view this as a step towards liberalization, though full market openness remains unlikely due to ongoing capital controls.
Source: YAHOO