National University of Singapore's Safina officially becomes a member of the Shanghai Gold Exchange
Time:
2006-08-21 20:42
Recently, good news came from Guoda Safina. After four months of hard work, on July 6, 2006, Guoda Safina's membership application materials were successfully reviewed and approved by the Shanghai Gold Exchange, obtaining comprehensive membership qualifications. This is the second comprehensive member in Zhaoyuan City after Zhaoking Gold and Silver Refinery Company.
After becoming a comprehensive member of the Shanghai Gold Exchange, Guoda Safina can apply to become a supplier of gold, silver, and platinum ingots recognized by the Shanghai Gold Exchange, conduct on-the-board operations through brokers and remote trading, engage in spot and forward delivery businesses, establish a secondary trading platform, and act as an agent for other companies and individuals in business activities on the Shanghai Gold Exchange.
Becoming a comprehensive member of the Shanghai Gold Exchange allows Guoda Safina to better promote its brand, save transaction costs, lock in operating profits through hedging and forward delivery, and avoid operational risks. The successful application for membership is an important milestone in the company's development history, opening a new path for Guoda Safina and Guoda Company's future precious metals business, indicating that Guoda Safina and Guoda Company will enter a fast lane of development.
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