PRECIOUS METALS | China Extends Validity of Single-Batch Gold Import-Export Permits to Three Months

China’s central bank and the General Administration of Customs said they will extend the validity period of “single-batch, single-permit” gold import and export permits to three months. According to Jin10, the People’s Bank of China and the General Administration of Customs issued a notice seeking public comments on the draft Measures for the Administration of the Import and Export of Gold and Gold Products. The notice said the draft aims to codify measures that have proven effective in practice, promote trade facilitation, and stimulate market vitality. It also said authorities plan to optimize how “non-single-batch, single-permit” licenses are used.