An improved financial market system will serve as a firm and effective micro-economic basis for macro economic adjustment. So we aim at realizing these three transformations to establish a secure, and effective gold trading system where hedging instruments are widely available, and to foster the development of the gold market.
This is to be achieved with the joint efforts of out colleagues from the world financial circle especially colleagues of the gold industry, and my colleagues in China. 2  BIS Review 71/2004