China to buy $90 billion gold vault in London

The Chinese state-owned ICBC Standard Bank, the world’s biggest bank by assets, has agreed to buy Barclays precious metals storage business, including its state-of-the-art storage facility in London. The deal will boost China’s access to London’s gold market and expand the country’s role in the gold business.

Posted: 2016-05-16 19:50:00

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