Those hoping that the Shanghai gold exchange would be free from cartel manipulation and influence of gold and silver trading are in for a rude awakening.
Welcome to China Blythe!
Or as the locals would say... 歡迎您到中國，布萊斯！
Oct 31 (Reuters) - The China unit of investment bank JP Morgan has won approval to become a trading member of the Shanghai Gold Exchange, the eighth foreign financial institute to obtain such membership, said the exchange on its website (www.sge.com.cn).
Other foreign trading members include Credit Suisse , HSBC , Standard Chartered , Bank of Nova Scotia , ANZ , United Overseas Bank and Barclays .