In May 2019, the Shanghai Gold Exchange signed a bilateral product licensing agreement with the Chicago Mercantile Exchange. According to the agreement, CME Group authorized Shanghai to use the COMEX gold futures Asian spot price to launch T+N products, and the authorized CME Group of Shanghai Gold Development Co., Ltd. used the Shanghai gold benchmark price to develop futures contracts. On October 14, 2019, Shangjin Institute and CME Group will launch a new T+N contract based on the Asian spot price of COMEX gold futures and a Shanghai gold futures contract based on the Shanghai gold benchmark price.
https://news.smm.cn/news/100972057
