Research Report on China Gold Production Industry, 2017-2021


The average international gold price was as slump as 1,156.19 dollar/ounce with a decline of about 40% compared to April 2013. The output volume of gold fell for the first time with the slump price in 2015 while it will remain the world’s leading manufacturer for nine consecutive years. The gold consumption recovered with the sales of jewelry in 2015. China becomes the world’s largest gold processer and jewelry consumer with an increase of 14.52 tons YOY of jewelry gold.

Meanwhile, the gold derivative market develops rapidly in China. The accumulated trading volume of all gold varieties of Shanghai Gold Exchange was 34,100 tons with an increase of 84.28% YOY in 2015, which was the world’s largest physical trading market in the field. Meanwhile, the accumulated trading volume of gold futures in Shanghai Futures Exchange was 50,600 tons with an increase of 6.08% YOY ranking the first in the globe. Shanghai-Hong Kong Gold Connect was officially opened in July 2015. Meanwhile, Bank of China and China Construction Bank were respectively approved to participate in the benchmark pricing of London Gold in June and October. China gold market exerts an increasing influence on that of the world.

The import volume of gold grows with the demand in China. The import volume of gold exceeded 1,400 tons and over half of them were from Hong Kong in 2015.