Three steps are designed for the opening of thegold market in China: The first step is about theestablishment of the Gold Exchange, in whicha member system shall be applied; the secondstep is that the People’s Bank of China willstop purchasing gold on an overall basis so that Three steps are designed for the opening of the gold market in China: The first step is about the establishment of the Gold Exchange, in which a member system shall be applied; the secondstep is that the People’s Bank of China willstop purchasing purchasing gold on an overall basis so that