While jewelry represents a large percentage of gold purchases in the country, Chinese can also purchase gold at their local bank.

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Chinese investors caught up in a high-profile dispute with local bank Huaxia over losses related to an increasingly scrutinized type of short-term investment product have been repaid.

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Newbridge negotiated permission from municipal authorities in the southern city of Shenzhen, a progressive place by Chinese standards, to buy a stake in and take management control of a local bank.

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