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Yintech to Acquire the Second Largest Online Provider of Spot Commodity Trading Services in China

SHANGHAI, China, Aug. 24, 2016 (GLOBE NEWSWIRE) -- Yintech Investment Holdings Limited (YIN) ("Yintech" or the "Company"), the largest online provider of spot commodity trading services in China by customer trading volume in both 2014 and 2015, today announced that it has entered into a definitive agreement (“Definitive Agreement”) to acquire 100% equity interest in Gold Master (HK) Company Limited (“Gold Master”), which, through its subsidiaries, offers online spot commodity trading services to individual customers in China on the Shanghai Gold Exchange.

The table below sets forth the leading trading services providers for online spot commodity trading in China, according to an industry report compiled by Euromonitor:

Ranking 1 Trading Service
Main Exchanges Operating
Trading Volume
in 2015 (RMB
As % of Total
Trading Volume
of Individual
Investors in 2015
1 Yintech Tianjin Exchange,
Guangdong Exchange and
Shanghai Gold Exchange
660 4.0 %
2 Gold Master 2 Shanghai Gold Exchange 600 3.7 %
3 Company B Guangdong Exchange 350 2.1 %
4 Company C Shanghai Gold Exchange,
South Rare Precious Metals Exchange
300 1.8 %
5 Company D Tianjin Exchange 280 1.7 %

1. The estimated customer trading volume data have been determined via a fieldwork program consisting of desk research and trade interviews. While audited data was available for some of the companies, they do not break down to the trading data as disclosed in the chart above. For...