RapNet


Rapaport News

 

Manufacturing

 
Rapaport Broadcast
Martin Rapaport’s Webinar on Estate Jewelry
October 30 2019

Advanced search
Latest Articles
Videos
Features
News
Mining
Rough Markets
Polished Markets
Manufacturing
Retail

Kingold to Manufacture Gold Investment Products for Hubei Bank

Nov 4, 2014 1:52 PM   By Jeff Miller
Print Print Facebook Facebook Twitter Twitter Share Share

RAPAPORT...  Kingold Jewelry Inc. of China signed a cooperation agreement with Hubei Bank Corporation Ltd. to design and manufacture investment gold products for resale. Specifically, Kingold will design and manufacture 24-karat gold  coins, bars and ornaments on behalf of Hubei Bank. The jewelry firm's  gold investment products are now available in the Beijing, Hubei, Jiangsu, Jiangxi, Liaoning, Zhejiang, Henan and Sichuan provinces.

The company stated that this deal marks the  seventh such partnership for gold products since launching an investment business in 2012.  Kingold's other bank partners include  Bank of Communications, China Merchant Bank, CITIC Bank, Wuhan Rural Commercial Bank, China Construction Bank and Xingye Bank.

Kingold's CEO,  Zhihong Jia, said,  "We continue to gain traction in the growth of investment gold as a percentage of our overall business. Our strategy is to leverage our design and manufacturing capabilities into a sector of the market where branded banking products are continuing to see steady demand. Our company has had a strong relationship with Hubei Bank for many years and we intend to provide the finest quality 24-karat gold products to customers located throughout the Bank's network of approximately 127 retail branches."

 

Tags: bullion, China, gold products, Jeff Miller, Jewelry, kingold
Similar Articles
Sarine building 150Sarine Anticipates Return to Profitability
Oct 24, 2019
Sarine Technologies expects to register a “nominal” netprofit for the third...
Synova Launches Automated Cutter
Manufacturer LDC Acquires Metal-Casting Company
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First



Call Us: 1-702-893-9400
Member License Agreement   RapNet Trading Rules & Code of Conduct    Privacy Policy  
  
twitter twitter
About Rapaport
Advertise with us