Four Chinese banks approved for Shanghai gold futures trade By Chris Oliver Last update: 11:23 p.m. EDT April 1, 2009Comments: 8 HONG KONG (MarketWatch) -- Four Chinese commercial banks have received approval to trade gold futures on the Shanghai Future's Exchange, according to media reports Thursday. The selected banks include Industrial and Commercial Bank of China Ltd. (HK:1398: 4.07, -0.04, -1.0%) , Bank of Communications Co. (HK:3328: 5.79, +0.04, +0.7%) , China Minsheng Banking Corp., and Industrial Bank Co., Dow Jones Newswires reported, citing a report carried in the Shanghai Securities Journal Thursday. The Shanghai financial journal cited sources which it did not identify.
