Stocks, Commodities & Forex Trading

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China South Rare and Precious Metal Exchange, Lost in Translation

September 4, 2011 by Sunny Johnston

Also see China South Rare and Precious Metal Exchange Incorporates in Hunan, China

Los Angeles, USA - When China South Rare and Precious Metal Exchange Inc. (CSRPME) was incorporated in September 2011, evidently, there was news about it.  However, when the name is translated into English, something was lost in the translation.

The Rare and Precious Metal Exchange's name was directly translated into English, it was "Hunan South Rare and Precious Metal Exchange", as reported by various of news agencies.  However, a deeper research finds that the official website of the exchange is www.csrpme.com . This indicates that the name of the exchange would not be "Hunan South Rare and Precious Metal Exchange", but instead China South Rare and Precious Metal Exchange Inc. (CSRPME).

"The exchange intends to be the global leader in rare and precious metal trading, settlement, and quality control." Says Xiaoxi Wang, a trader at a commodity trading company in China.

"The creation of such an exchange reflects the vision of Chinese leaders who want to be a leader in this field, not a follower anymore." Says Ruth Wu, a publicist at a Chinese securities company. "As a major producer and consumer of rare earth metals, China has not been very satisfied with the fact that they still do not have as much a say as they want to have."

The name China South Rare and Precious Metal Exchange Inc. (CSRPME) sounds better than "Hunan South Rare and Precious Metal Exchange", but in order to have the Chinese name changed, it would require central government approval.

"In the Chinese name, only those directly or indirectly affiliated with the central government are allowed to have the words such as 'China', 'Chinese', 'central' in them.  Apparently, the rare and precious metal exchange is yet to have such approval." Says Peter Wei, a Chinese name expert.