ABSTRACT
In addition, the CGSE has just started trading RMB Kilobar Gold, the world’s fi rst offshore RMB-denominated gold product, since 14 October 2011. The exchange is interested in further research about arbitrage in RMB gold market, which is essentially an interaction among a formulation of RMB exchange rate and how RMB gold products facilitate the Hong Kong RMB offshore fi nancial market and accelerate the process of RMB internationalization. This is expected to help investors to explore the still-not-fully-open but yet attractive Mainland gold market.
