China seeks feedback on plans to streamline gold import rules

BEIJING, Sept 14 (Reuters): China is seeking public feedback on a proposal to make it easier to import and export gold and gold products by streamlining the licence system, its central bank said on Friday.

The world's top gold consumer intends to expand the number of customs authorities that are eligible to manage the "Non-one-batch-one-licence" for gold products to 15 from 10 previously, People's Bank of China said in a statement, opens new tab.

"Non-one-batch-one-licence" means that the same licence can be used for more than one customs clearance as long as this does not exceed the prescribed quantity, the central bank said.

"The validity period of permit is extended and there is no limit on the number of times the licence could be used within effective period," it said.