Page 9 - Bullion World Issue 4 August 2021

Bullion World | Issue 04 | August 2021

rebounded strongly with significant launched business models such as up, we believe there will be more
growth in sales performance of "Gold Leasing + Jewelry Processing" international institutions, especially
social retail and catering industries. and "Standard Gold Ingot Processing those from Southeast Asia, participating
A number of leading Chinese gold and Re-export". At present, market into the China’s local market, and more
and jewelry companies reported participants from Thailand, Singapore Chinese institutions participating into
first-quarter sales that doubled from a and other regions have participated in the international market as well. SGE
year earlier, physical gold demand in the project, making full use of China's is actively exploring the opportunities
China's gold market recovered quickly high-quality design capabilities and the of China's gold market international
and is expected to increase further. convenient investment and financing development, and has established
channels of SGE to make win-win communication and cooperation
As the core of trading, delivery and development. The launch of "Gold channels with many global exchanges
storage of physical gold in China, Road" has explored the channel for and associations, and will continue to
SGE actively maintained market order enterprises of global gold industry be committed to promote the common
during the epidemic, and supported chain to get in touch with the price, prosperity and development of the
members which facing challenges, supply and demand of China's gold market. We believe the gold market
continued to explore new opportunities market, moreover, the project provides will has more opportunities after the
for the common development of the a platform for market cooperation. epidemic, and we also look forward to
China’s and international gold markets. have a better future with much more
Over the past year, the epidemic has market participants.
Since 2019, SGE cooperated with brought challenges to the circulation
international members and Chinese and trading of the global gold market,
gold enterprises to launch the "Gold but it has also given us new insights
Road" project for the international -- even with many difficulties and
market, in order to promote the obstacles, our gold market remains a
common prosperity of the global gold global connected community.
market through the industrial chain
cooperation of the global gold market. Looking into the future, with the
In the "Gold Road" project, SGE has China’s market continues to open

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