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China launches new yuan-denominated gold benchmark on Tuesday, with aim to control pricing and establish stronger influence on the global market.

China Launches Yuan-Denominated Gold Benchmark

Apr 19, 2016 11:30 AM EDT

China, the world's top gold consumer, launched a yuan-denominated gold benchmark on Tuesday as it attempts to gain more control over its price and establish stronger influence on the international market.

China received support from local and international banks over yuan gold benchmark.

China's State-Owned Banks, ANZ, Standard Chartered to Join Yuan Gold Benchmark

Charissa Echavez |

Apr 14, 2016 03:38 PM EDT

Top Chinese banks as well as Standard Chartered and ANZ will join the latest yuan-dominated gold benchmark, representing China’s biggest step towards becoming metal’s price setter.

Chinese Banks Throw In iPhone, Mercedes-Benz Car To Attract Deposits

Raymond Legaspi |

Dec 16, 2014 07:52 PM EST

Chinese banks seek to drum up more business by turning to giveaways for deposits. On offer at one branch in Beijing: an iPhone 6 Plus or a Mercedes-Benz.