Dear Crowne Gold Clients;

From Xinhua News Agency
via People's Daily, Beijing
Friday, April 22, 2005

http://english.people.com.cn/200504/22/eng20050422_182369.html

Providing professional advice about investment in gold is set to be
approved as another new profession in China, a country with deeply
rooted tradition of gold worship.

The China Gold Association (CGA) announced recently in Shanghai that
the vocation of gold investment analyst had passed examination of
the Ministry of Labor and Social Security and will become an
authorized job shortly.

According to CGA Deputy Secretary-General Zhang Yongtao, his
organization will draft relevant professional criteria and set forth
certification specifics.

By the end of 2004, there were more 1,200 gold mines employing some
400,000 people and more than 300 large and middle-sized gold
processing enterprises hiring more than 200,000 workers in China.
About 700,000 people are working in approximately 10,000 gold
ornaments shops across the country, constituting another footnote
for the rapid growth of the industry.

Gold-related industries have been undergoing strong growth in recent
years as a result of China's accession into the World Trade
Organization (WTO), a move to open the Shanghai Gold Exchanged to
public trading, and domestic commercial banks' hiking interest in
launching gold-related businesses.

Hou Huimin, vice president of CGA, predicted that gold-related
industries will become a vital job generator since there are few
investment options open to the general public in China.
 

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