Before this adjustment, Provisional Measures Regarding the Administration of Spot Trading by Private Investors of SGE stipulates that SGE charges private investors a fee of 0.06 percent on gold and 0.1 percent on platinum.

   This adjustment can save one yuan per hand of gold (100 gram) and one hundred yuan per hand of platinum (1000 gram), according to Zhou Hongtao, a member of the Gold Investment Analyst Accreditation Committee of China. At the same time SGE abolished the premium policy on Au (T+D) and Au (T+5) contracts, in consideration of the unification of the transaction fees. And SGE gives the transaction of gold and platinum a premium of 0.005 percent of the volume from Jan.1, 2007. The premium will be returned after having been collected. SGE continues to give the overtime charges back and the transaction fees on spot silver and extension contracts of silver remain unchanged.

   So as to meet the diversified needs of members of SGE and customers and further bridge domestic market and international market, SGE is going to launch a new commodity of lower grade--Gold Au99.5. It is a spot trading against offer with engagement. The contract unit is 1kilogram per hand and minimum delivery volume is 3 kilogram. The commodity to be delivered is standard bar gold, which is no less than 99.50 percent pure, with weight of 3 kilogram gold or international standard bar gold with weight of 12.5 kilogram registered in London Bullion Market Association.