The inclusion grants these insurers access to purchase gold directly through the exchange—marking a notable shift in policy that could expand the network of domestic buyers. Together, the four firms manage nearly CNY13 trillion in assets, representing close to two-thirds of the total potential demand that could emerge under the program.
TD Securities says this development could generate a “massive new buying impulse” for gold, as institutional capital flows increasingly into the precious metal amid a changing regulatory landscape.
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