A sample of a Chinese gold bar. Photo: Handout
A sample of a Chinese gold bar. Photo: Handout

Explainer |
How Kingold Jewelry’s fake gold bars slipped through scrutiny in one of China’s biggest loan scams

  • Kingold Jewelry allegedly passed off gilded copper bars as collateral for US$2.8 billion of loans
  • Bullion has to pass through state inspection and be stamped by accredited refiners before being eligible as loan collateral

Topic |   China economy
A sample of a Chinese gold bar. Photo: Handout
A sample of a Chinese gold bar. Photo: Handout
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