SubordinatedtotheMinistryofMetallurgicalIndustrytheChinaNationalGoldCorporationistheonlystate-runnationalgroupcorporationinChina.Itisauthorizedtoperformitsobligationsinthecontrolandoperationofthestateownedassetsofitssubordinatedenterprisesandundertakinginstitutions.Anditisalsoresponsibleforworkingoutandimplementingthelong-termprogrammesandyearlyplansofthoseenterprisesandofficesdirectlyaffiliatedtothecorporationandfortheinvestmentandbuildupoftheentiregoldindustryinChina.Ithastheautonomytodevelopinternationaleconomicandtechnicalexchangeandcooperationwithitsforeigncounterpartsandtoconductimportandexportbusinessofthematerials,equipmentandtechnologiesforuseintheindustry.
