OREANDA-NEWS.  August 15, 2012. “IB Cup” National Simulated Precious Metal Trading Competition will soon be held by the Industrial Bank (IB) in the torrid August, reported the press-centre of IB. 

The competition lasts from August 1 to October 31, 2012 (the time for signing up starts from July 23), across the whole summer. The simulated trading system used in the competition is created fully in accordance with the trading rules of Shanghai Gold Exchange (SGE). The trading will be based on actual market quotation, covering the types of AU (T+D) and AG (T+D) featuring “two-way transaction and leveraged trading”. Finally, winners will be determined according to the simulated return rates of participants, and they will receive substantial awards provided by IB.

In recent years, against the background of rocketing inflation rate around the globe, intensified conflicts in some areas, and national debt crisis, the prices of gold and silver has been keeping rising. While precious metal becomes an extremely popular investment type, market fluctuation contains investment risks. In addition to cultivating the market and extending business coverage, IB holds this competition with a view to let investors learn the characteristics of precious metal products, know the trading rules and laws of precious metal so that they can accumulate precious experience for the firm offer operation, avoid market risks effectively, and realize capital maintenance and increase.

In order to ensure the smooth progress of this trading competition, IB has made full preparation. First, apart from releasing the latest news about the competition, the special official website established for the competition (http://95561.24k99.com/xingyinbei) will also provide the latest information about the investment of precious metal, knowledge about precious metal trading, and answers to questions by online customer service representatives so as to facilitate the study of investors. Second, the bank has established a large variety of prizes with rich awards. Besides the awards according to the simulated return rates of participants for each week, each month and the final, there are many lucky awards for the participants.

IB is the first Chinese commercial bank releasing the agency real gold products and gold spots deferred delivery products of SGE, and it has successfully offered silver spots deferred delivery products. It has become one of the commercial banks acting an agency of SGE with the most diversified products listed for trading across China. During its business development, the bank has kept innovating in the precious metal trading platform, improving the precious metal investment services, and cultivated a large group of professionals. At each of its outlet, gold traders and holders of certificates of SGE are assigned to provide pertinent services especially for precious metal investors. In 2011, IB ranked No.1 and No.2 among all domestic banks in terms of respectively agency gold and silver businesses. It has won the special award of outstanding SGE members for three years consecutively.

In order to facilitate more investors to make firm offer investment in precious metal, the bank has recently released the “Inter-bank Precious Metal Trading Platform” jointly with ChinaPay E-payment Service Co., Ltd. A non-IB customer may directly log on the platform to handle such services as consulting, inter-bank account opening, trading and funds transfer.

A life colored with “gold” and a future illuminated with “silver”. As the sponsor, IB indicates that it will take this opportunity to continue exploring the business of precious metal investment and improving customer services so as to achieve a win-win result together with investors in the market of precious metal investment.