中国黄金市场的基本框架及快速发展

中国黄金市场是一个新生的市场，2002年建立，2003年正式运营，在短短6年的时间内，从无到有、从小到大，已经成为一个集套期保值、投资、避险等金融功能为一体的、现代化的市场体系。2008年，中国黄金市场日均交易量名列全球第五位，成为世界最重要的黄金市场之一。黄金市场是金融市场的重要组成部分，金融市场的完整和稳定是货币政策顺利运行的基础。为了保证金融市场的健康发展和货币政策的有效性，近年来，中国人民银行为推动中国黄金市场发展做了大量工作。本文试分析中国黄金市场的基本框架、发展情况，以及未来发展方向。

Constitution and Development of China's Gold Market

Founded in 2002, operated in 2003, China＇s gold market is a new market. Within 6 years, it has become a modern system, consisting hedging, investment and risk-avoiding. In 2008, China＇s gold market ranked the top 5 of the world gold markets and it has become one ＂of the most important gold markets of the world. Gold is an important part of financial market whose stability is the fundamental to the money policy. People＇s Bank of China has done a lot of work to promote the development of China＇s gold market recently in order to promise the healthy development of financial market and effectiveness of money policy. The paper analyses the constitution, development and future of China＇s gold market.