On January 17, 2008, the Exchange held the 2008 Annual Outstanding Member Recognition Meeting in Sanya, Hainan, honoring 20 members and 11 bank-type outstanding gold traders for their significant contributions.
On January 19, 2008, with the assistance of the Exchange, Industrial Bank was the first one to launch gold spot deferred settlement products to individual customers nationwide, which broadened the gold investment channels for domestic investors.
On March 11, 2008, the Exchange held a working meeting on fund clearing in Sanya, Hainan, which summarized the work in 2008 and made arrangements for the work in 2009, and at the same time, commended the banks with outstanding achievements in 2008 work.
On March 10-13, 2008, the Exchange held the 2008 Annual Quality Management Conference for Enterprises Providing Standard Gold Ingots in Hangzhou, Zhejiang Province, and the meeting of the Specialized Committee on Trading and Delivery was held at the same time; it summarized the quality management of enterprises providing standard gold ingots in 2008 and put forward the planning and requirements for the quality management in 2009, and made arrangements for the 2008 Annual Quality Management Conference. The meeting summarized the quality management of enterprises that can provide standard gold ingots in 2008, put forward the planning and requirements for quality management in 2009, and commended and rewarded 5 enterprises including refinery of Shandong Gold Mining Co.
On March 27, 2008, the USB-Key system of the designated warehouse of the Exchange was officially launched.
On May 15, 2008, the 2009 Lujiazui Forum was held in Shanghai, and the Exchange hosted the Pujiang Night Talks column with the theme of "Development of Gold and Commodity Markets in the Global Economic Crisis". Mr. Shen Xiangrong, Chairman of the Board of Directors, made an important speech, Mr. Zheng Lianghao spoke on behalf of the CEO of the World Gold Council, Jeremy East, President of Standard Chartered Global Precious Metals, and Mr. Sun Zhaoxue, General Manager of the China National Gold Group, made speeches.
On June 4, 2008, the Exchange held the Eighth Meeting of the Second Council in Nanchang, Jiangxi Province, which discussed and passed the "Proposal on the Adjustment of the Directors of Great Wall Gold and Silver Refinery", "Report on the Eighth Meeting of the Second Council of Shanghai Gold Exchange ", "Report on Shanghai Gold Exchange Market Operation and 2009 Annual Work Arrangement", "Report on Financial Budget of Shanghai Gold Exchange", "Report on Strengthening the Standardized Management of Gold VAT Invoice of Shanghai Gold Exchange Members" and "Report on Strengthening the Standardized Management of Gold VAT Invoice of Shanghai Gold Exchange Members". Exchange members' gold VAT invoice standardization and management proposal" and the resolution of the meeting.
On June 10-12, 2008, the Exchange held the "2008 Annual Work Summary and Commendation Meeting for Designated Warehouses" in Beijing, in which Shen Gang, Deputy General Manager of the Exchange, summarized the work of the designated warehouses in 2008 and put forward the 2009 work plan. At the same time, the 2008 annual quality service warehouses, outstanding contribution to the warehouse and operation error-free warehouse was recognized.
On June 28, 2008, the Exchange organized and held the summary meeting of the 2008 annual insurance and transportation work, which was attended by CIMB Transportation and insurance companies. It made a comprehensive summary of the transfer and transportation work in 2008, and at the same time proposed to continue to adhere to the principle of safe, efficient and inexpensive transfer and transportation work in 2009.
July 8, 2008, the Exchange and the People's Bank of China Shanghai headquarters of the financial market management department, the China Gold Association, Shanghai Futures Exchange, the cooperation prepared by the China Gold Market Report 2008 held a conference, which is the first time by the gold market regulatory units, self-regulatory organizations and market intermediaries to jointly compile and publish the report.
On July 9, 2008, the Exchange held a meeting of international consultants in Beijing, and introduced the gold spot option business and the participation of foreign bank members in the market to the international consultants, who put forward a lot of good opinions and suggestions on the program and the future development of the market.
On September 1, 2008, the Exchange held a press conference on "Industrial Bank-Gold Exchange Gold", a personal gold physical trading product promoted by the Exchange in cooperation with the World Gold Council and Industrial Bank, to further expand the market influence of the Exchange's products and provide domestic gold investors with a safer, faster and more efficient trading mode and investment channel. The press conference was held to further expand the market influence of the exchange products and provide domestic gold investors with a more secure, fast and efficient trading mode and investment channels.
On September 18, 2008, in order to strengthen the management of trading invoices of members of Shanghai Gold Exchange and regulate the market behavior, the Exchange issued the "Measures for the Management of Invoice of Members of Shanghai Gold Exchange" to all members.
September 18, 2008, the Exchange successfully completed the work of the first comprehensive member to commercial banks to transfer personal agency business.
On October 15, 2008, the Exchange held the sixth general meeting in Shanghai, which considered and passed the "Report on the Work of the Sixth General Meeting of Shanghai Gold Exchange", "Report on the Market Operation and Business Situation of Shanghai Gold Exchange in 2008 and the First Half of 2009 report", "Shanghai Gold Exchange annual financial report" and the resolution of the meeting.
On November 19, 2008, the Exchange held the Ninth Meeting of the Second Council in Sanya, Hainan, which discussed and passed the "Proposal on the Adjustment of Directors of Industrial and Commercial Bank of China", "Report on the Ninth Meeting of the Second Council of the Shanghai Gold Exchange ", "Report on Shanghai Gold Exchange's Market Operation, Business Situation and Next Steps of Work Arrangement from January to October 2009", the proposal on the implementation of the new Accounting Standards and General Principles of Corporate Finance, adjustment of transaction fees and transportation and insurance fees, adjustment of the Exchange's assessment incentive reward and punishment mechanism and the resolutions of the meeting.
On December 25, 2008, the Exchange's separately established Member Inquiry System and Warehouse Inquiry System were formally launched, separating the inquiry functions in the Member Service System and Warehouse Management System to better meet the business needs of members and warehouses.
August 17, 2011 The Shanghai Gold Exchange membership review committee considered and agreed that the transfer of membership from Shanghai Ruixiang Gold & Silver Jewelry Company to Shanghai Rural Commercial Bank Corporation meets the conditions stipulated by the Exchange, and the application materials submitted by it are complete and valid, and agreed to allow Shanghai Rural Commercial Bank Corporation to become a member of the Shanghai Gold Exchange, and Shanghai Ruixiang Gold & Silver Jewelry Company will no longer be a member of the Shanghai Gold Exchange. Shanghai Rui Xiang Gold & Silver Jewelry Company is no longer a member of Shanghai Gold Exchange.
March 1, 2012 9:00 pm to close on March 2, the Gold Exchange, part of the line failure, resulting in a number of banks, the customer commission received the impact of being frozen, the formation of "blocking the single door", the quotes of the affected banks and commissioned repeated interruptions, which has been the Shenzhen Development Bank has been the most serious impact. The Shanghai Gold Exchange has not yet identified the cause.
April 5, 2013 on-line, preparations for a long time, the Shanghai Gold Exchange (referred to as "Shanghai Gold Exchange") Friday night market trading function will be online in April.
Yesterday was informed that the Shanghai Gold Exchange recently issued "on the gold exchange issued [2013] No. 9" document notification, the Shanghai Gold Exchange 2.5 generation trading system to be on April 5, 2013 on-line (the final on-line time to the gold exchange announcement shall prevail). This system will increase the Friday night market trading function, increase the trading time period from 21:00 on Friday to 2:30 on Saturday, and merge with the Monday daytime trading session as a complete trading day for clearing. In the event that the next day after Friday is a legal holiday (not ordinary double holiday), there is no night market on Friday of that week. In fact, the extension of domestic gold trading hours early in the expected. The relevant person in charge of the Shanghai Gold Exchange has previously said that the plan to further extend the trading hours, including the night closing time will be postponed to 3:30 the next day and increase the night trading on Friday.
Shanghai Gold Exchange trading varieties of trading hours are divided into three periods from Monday to Friday, 9:00-11:30 in the morning, 13:30-15:30 in the afternoon, and 21:00 at night - the next day 02:30.
People said that the Shanghai Gold Exchange has previously reduced the transaction fees, the news about the opening of the evening session on Friday trading, suggesting that the Institute will be for the Precious metals investors to add more trading convenience, but also to a considerable extent to avoid the risk of facing large fluctuations on Friday night.
Over the past year or two, the emerging gold market, represented by the Tianjin Precious Metals Exchange, has attracted a lot of domestic investors to participate in trading with features such as low margins, the use of a market maker system and more convenient 24-hour trading hours. However, at the end of 2011, China's central bank and other five ministries have jointly issued a document to determine that in addition to the Shanghai Gold Exchange and Shanghai Futures Exchange (referred to as "on the Futures Exchange"), the country may not set up gold exchanges and centers that have been opened, to immediately stop the opening of new businesses.
But the Shanghai Gold Exchange and the Futures Exchange *** with gold, silver as the subject of trading varieties, to the above two different regulatory system exchange business development put forward higher requirements.
While in 2009, the Securities and Futures Commission and the China Banking Regulatory Commission agreed that commercial banks could enter the gold futures market. As of January 2012, nine commercial banks, including ICBC, have become non-futures company members of the Shanghai Futures Exchange (SFE) to participate in gold futures trading, but from the point of view of trading activity alone, the SFE is significantly weaker than the SJM.
The Securities and Futures Commission has obviously noticed this, in May on the Futures Exchange, the Dalian Commodity Exchange, Zhengzhou Commodity Exchange to liberalize the fund, brokerage firms, trusts, insurance, corporate pensions, social guarantee funds, qualified foreign institutional investors (QFII) and other institutions in the commodity futures account.
Previously, there is news that the SFE on the opening of gold futures evening program approved by the Securities and Futures Commission, but then the news was officially discredited. What is known is that the SFE has been actively working on the preparatory work since the end of the consultation on the night trading of gold in the middle of 2012.