Management System Reform Of China Gold And The Gold Market

With the reform of the China Gold Management System and the gold market's setting up, some new financial words and things appear in sight, more and more'people become interested in the unfamiliar gold investment. Gold has well physical and chemical attributes, so as a kind of common matter, it's widely used in adornment, electric industry, aviation and medical treatment. And as a world currency, gold also is one of the reserve assets and investment tools. The dual-attributes of commodity and money make the price of the world gold market determined by multi-factors, so the gold price fluctuates frequently and fierily, and the risk of gold investment is actually large. When gold hasn't acted as a currency, more and more countries released gold control. And central banks no longer intervene the gold market, so both the freedom and risk of the market are going up. In order to evade the price risk, more and more tools derived from gold have been created, one result from which is the scale and force of the world gold market become larger and larger. What effect from Shanghai Gold Exchange's opening, if the functions of SEG have reached the both purposes of system designer and market's participators, if there are some problems in SEG and how can the functions of market work in the special economic system of China, which are all the problems worth care and research.This thesis is to analyze all influences of the China gold system reform with a deep and extensive point, and want to find out the key clue between the gold system and the economic development, and also to forecast and discuss the growing direction of the future China Gold Market.The thesis has six parts: Introduction explains the meaning of gold market research and the substance of the thesis. Chapter I discuss relationships between the four phases of China economy history and the corresponding reform of the China Gold Management System; Chapter II, through the contrast of the price model determined by the central bank, illustrates the advantages and problems of SEG in the past year; Chapter III analyze the influences of the gold market's open in China through four aspects, gold industry, financial market development, individual savings and money supply, the exchange rate of RMB and the world gold market; Chapter IV brings out the solutions and the suggestions to the problems of China Gold Market's farther development. Conclusion deals with the relevancy between gold industry, financial system, economic-development and China Gold Market.