Kingold Jewelry Explained

Order:	st
Wuhan Kingold Jewelry Inc.
S:	武汉金凰珠宝股份有限公司
T:	武漢金凰珠寶股份有限公司
P:	Wǔhàn Jīnhuáng Zhūbǎo Gǔfènyǒuxiàngōngsī

Kingold Jewelry is a Chinese jewelry company with its headquarters in the Huangpu Science & Technology Park in Jiangan District, Wuhan, Hubei. It also has an office in New York City.^[1] the chairperson is Jia Zhihong and the company is the largest gold processor in the province that is not owned by the Chinese government nor provincial nor local governments.^[2]

The company had several trust products but investors in 2019 never received money they asked for. Dongguan Trust Co. Ltd., which investigated Kingold in order to liquidate its capital, found that some purported gold bars used as collateral were copper with gold plating.^[2] The loans were to be worth $2.8 billion U.S. dollars.^[3]

External links

• Kingold Jewelry (United States)
• Kingold Jewelry (China)

Notes and References

1. Web site: Contact Information. Contact Information Kingold Jewelry, Inc. 15 Huangpu Science & Technology Park Jiangan District, Wuhan, 430023 Hubei Province, PRC [...] Kingold Jewelry, Inc. [...] 888C 8th Ave, #106 New York, NY 10019. - Chinese address: "武汉市江岸经济开发区金凰路1号"
2. Web site: Wu, Yujian. Wu Hongyuran. Bai Yujie. Han Wei. Cover Story: The Mystery of $2 Billion of Loans Backed by Fake Gold. Caixin. 2020-06-29. 2020-06-30.
3. Web site: Sito, Peggy. Kingold Jewelry secures US$2.8 billion in loans with gilded copper bars, in latest fraud that embarrasses China, irks US . South China Morning Post. 2020-06-30. 2020-06-30.