Page 19 - Bullion World Issue 11 March 2022_Neat

Bullion World | Issue 11 | March 2022
Mr Roland Wang
Regional CEO, China WGC
WGC: China’s Gold Demand in 2021:
Strong YOY Growth
Jewellery, bar, and coin demand rebounded
strongly
ETF holdings reached a record high
Source: National Bureau of Statistics, World Gold
Council
China's gold demand witnessed strong growth year
on year. Nearly every aspect of the demand including
jewellery, retail investment and gold ETF grew. The
growth was strong, due to the stabilized pandemic
control situation in China, economic recovery, more
favourable gold price, and effective effort, including the
promotions by the trade-in new products developed by
the industry and the refocus on gold from the younger
consumers especially.
Physical Gold Demand Strong Despite Lower
Trading Volumes
Source: Shanghai Gold Exchange, World Gold Council
The Shanghai Gold Exchange trading volume was down
by 40%, due to the various restrictions in commercial
Banks, retail brokerage business and cooling gold
prices. In the meanwhile, more than 1750 tons of
physical gold in 2021 were withdrawn from SGE, mainly
by the industry users. This implies that the physical
demand was not impacted by trading volumes.
Heritage Gold Continues to Grab the Young’s
Attention
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