Business
eBullion Inc. Announced Approval of Business License of Entering China Gold Trading Market
eBullion Inc. Announced Approval of Business License of Entering China Gold Trading Market.
About this update from Sky Constant Century Inc.
[{"type":"text","content":"\n\n\n\neBullion Inc. Announced Approval of Business License of Entering China Gold Trading Market\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\neBullion Inc. Announced Approval of Business License of Entering China Gold Trading Market\nPR Newswire\nNEW YORK, Feb. 17, 2016\n\n\n\nNEW YORK, Feb. 17, 2016 /PRNewswire/ -- eBullion Inc. (EBML) Announced Approval of Business License of Entering China Gold Trading Market. eBullion is the only company listed in U.S. with the license to operate Gold trading business in China.\n\neBullion's wholly owned subsidiary Man Loong Bullion Company acts in its capacity as an officially designated electronics trading member of the Chinese Gold and Silver Exchange Society (\"CGSE\"), a self-regulatory organization registered in Hong Kong which acts as an exchange for the trading of Gold and Silver in Hong Kong. Man Loong holds a Type AA License with the CGSE, which authorizes it to engage in the electronic trading of Kilo Gold and Loco London Gold and Silver on behalf of its clients.\n\nIn 2015, the CGSE China office offers one-stop corporate services for CGSE members for gold trading license registration in Qianhai (a Free Trade zone in China), which include services such as tax return, annual review, financial and tax consultation, monthly account books, issue of capital verification documents, arrangement of visits and liaison with the State Administration for Industry and Commerce and the Qianhai Authority.\n\nIn January, 2016, with the support from CGSE, eBullion's wholly owned subsidiary Man Loong Bullion Company has received official approval of license to operate gold trading business in China. This is a milestone of eBullion business development, the company is the only company listed in U.S. with the license to operate Gold trading business in China. The Company will be able to offer services for investors in China to trade gold and silver. The company can also provide services to Investors in Hong Kong or other countries in Asia to trade gold and silver in China markets. Based on the significant size of Chin...