TD Securities notes that the Shanghai Gold Exchange has admitted four major Chinese life insurance companies as members under a new pilot program, potentially paving the way for a significant surge in institutional gold demand.
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.
This article was written by Eamonn Sheridan at www.forexlive.com.Hence then, the article about icymi china s life insurers could unleash powerful new gold demand was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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