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China's gold panda coins made an official listing on the Shanghai Gold Exchange (SGE) on Wednesday, reports the China News Service.
中国熊猫金币周三在上海黄金交易所正式挂牌。
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First issued by the People's Republic of China in 1982, the Chinese Gold Panda is a series of gold bullion1 coins featuring a variety of panda portraits. The coins normally come in different designs and sizes every year.
Coins listed on the SGE this time have a standard weight of 30 grams and a fineness of 99.9%, and are said to be available for all qualified2 personal and institutional clients.
The first transaction was sold at the price of 278.8 yuan/g on Wednesday morning, according to thepaper.cn.
SGE announced that the listing is a major reform in China's precious metal commemorative coin business in terms of its distribution, management, and trading methods, while constituting a significant measure for the creation of a trading platform characterized by authorization3 and fairness.
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